GoTyme Bank reaches 10M users in over 3 years
Digital bank GoTyme Bank said it has reached 10 million users just over three years after starting operations in the Philippines, with customer deposits growing to more than P53 billion.…
UnionBank widens cash deposit access nationwide with ECPay
Digital banking competition in the Philippines continues to push banks to expand access beyond traditional branches, with UnionBank of the Philippines adding more than 2,100 ECPay kiosks nationwide as additional…
UnionBank, AWS partnership reshape banking and drive financial inclusion
UnionBank of the Philippines (UnionBank) is widely known as one of the country’s earliest adopters of digital banking. Its long-running partnership with Amazon Web Services (AWS) has helped the bank…
Maya recognized as Best Consumer Digital Bank in the Philippines for third year
Maya, a financial technology firm, has been named Best Consumer Digital Bank and Best Mobile Banking App in the Philippines at the World’s Best Digital Bank Awards for the third…
GoTyme Bank reaches 5 million users in two years
GoTyme Bank, a digital banking platform, has reached a milestone of 5 million users just two years after its launch. The achievement highlights the bank’s commitment to offering easy and…
Higala, RCBC partnership opens InstaPay access for rural banks
Higala Group Inc., an instant payments platform operator, and Rizal Commercial Banking Corp. (RCBC) have partnered to launch SynerFi, a digital payments platform aimed at bridging financial gaps for rural…
Fico’s study highlights frustrations with digital banking processes in PH
Global analytics software company Fico’s latest global consumer fraud research spotlights the critical need for efficient digital experiences among Filipino consumers when opening financial accounts via mobile apps or websites.…
JG Summit and Tyme Group acquire BPI’s stake in GoTyme Bank
Major shareholders JG Summit and Tyme Group have announced the repurchase of Bank of the Philippine Islands’ (BPI) minority shareholding in digital bank GoTyme Bank, which attracted 3 million users…
Maya starts offering time deposit product with up to 6% interest
Maya, a digital banking player in the Philippines, has unveiled Maya Time Deposit Plus, a savings product offering high interest rates. Maya Time Deposit Plus aims to revolutionize savings strategies…
GoTyme Bank hits the 2 million customer mark
GoTyme Bank, a digital bank established in collaboration between the Gokongwei group and Tyme, reached a milestone of 2 million customers within 14 months, surpassing its 2023 target. Nate Clarke,…
New mobile banking app OwnBank offers 8% interest rate
OwnBank, a new player in the mobile banking sector, offers an 8% per annum savings interest rate, which is considered to be the highest in the industry, so far. With…
GoTyme Bank focuses on delivering outstanding customer experience
GoTyme Bank, a joint venture between the Gokongwei Group and Tyme Group, continues to innovate to redefine the consumer banking experience employing a mix of physical and digital approaches. GoTyme…
GoTyme Bank campaign highlights role of ‘human touch’ in customer service
GoTyme Bank, a joint venture between the Gokongwei Group and Tyme Group, a Singaporean digital banking institution, has unveiled a new campaign that underscores the significance of a human touch…
Tonik extends core banking partnership with Finastra
Tonik, an all-digital bank that was launched in the Philippines in 2021, will be deploying dedicated consultants through its partner Finastra Essence, a core banking software provider, to expand its…
GoTyme Bank earns international design awards
GoTyme Bank, a joint venture between the Gokongwei group of companies and multi-country digital bank Tyme, was recognized by international design award-giving bodies: The Red Dot Design Awards 2023 and…
GoTyme Bank fosters human-centric banking
GoTyme Bank, a joint venture between the Gokongwei group of companies and Tyme Group, aims to address financial inclusion challenges and issues in the Philippines with a physical-digital approach. In…
Digido: PH fintech adoption may grow 72% this year
Digital wallets, also known as e-wallets, are playing a crucial role in driving the adoption of financial technology (fintech) services in the Philippines, as reported by consumer credit service provider…
Xendit underscores importance of robust payment infrastructure in digital economy
Xendit, a B2B payment solutions provider, emphasized how the digital economy can flourish with a robust digital payment infrastructure. Xendit provides a suite of APIs and a dashboard UI that…
Twin wins for GoTyme Bank at Asian banking awards
GoTyme Bank, a joint venture between the Gokongwei group of companies and the multi-country digital banking group Tyme Bank, recently received two recognitions at the 18th Asian Banking and Finance…
UnionBank injects P900-million capital into UnionDigital
UnionDigital Bank (UD) secured a capital infusion approval of up to P900 million from its parent bank, Union Bank of the Philippines (UnionBank). The fresh funds is earmarked for the…
CIMB Bank PH underscores benefits of embedded banking
When CIMB Bank launched in 2018, it introduced digital and embedded banking in the Philippines. One of the first digital banks in the country, CIMB Bank PH enabled a fully…
GoTyme promotes financial inclusion with ‘phygital’ approach
GoTyme Bank Philippines (GoTyme) aims to provide a personalized and humanized customer experience. As the demand for innovative digital financial services grows, GoTyme combines the convenience of digital banking with…
CIMB Bank unveils virtual debit card
CIMB Bank Philippines (CIMB Bank), a digital bank services provider, unveiled its virtual card for all its deposit customers. CIMB Bank account holders (of Fast Plus, GSave, or UpSave) can…
BPI replaces mobile app with new AI-powered one
The 171-year-old Bank of the Philippines (BPI) is sunsetting its existing mobile app and replacing it with a new one. The new mobile app is already live and the bank…
UNO Digital Bank partners with GCash to offer high-yield savings account
As the latest partner of GCash, UNO Digital Bank will be able to offer at higher than industry interest rates for certain products through GSave, a digital savings account within…
Financial issues prevent PH millennials in pursuing life purpose — CIMB
Respondents to CIMB Bank Philippines survey say that financial constraints are holding them back from pursuing the career they really desire and their “life purpose. The report indicates that 1…
UnionDigital Bank to focus on offering loans to underserved market
After securing more than 1.73 million customers just months after receiving its certification to operate from the Bangko Sentral ng Pilipinas (BSP), UnionDigital Bank is now focusing its efforts on…
UNO Digital Bank to offer more financial services with Trusting Social
UNO Digital Bank teams up with Trusting Social to offer more lending services to customers in the Philippines. The two companies aims to empower traditionally underserved Filipinos to achieve their…
Maya enables use of usernames for financial transactions
Digital bank Maya rolled out a new feature that lets app users send and receive money with their username. This gives users options for more personalized money transfer transactions. Much…
Neobank Tonik introduces new all-digital loans products
Digital bank Tonik started offering two new lending products, Flex Loan and Big Loan, in a bid to accelerate financial and credit inclusion in the country. Tonik’s best priced unsecured…
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