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 (ABF) Retail Banking Awards held in Singapore.
GoTyme Bank was named the Debit Card Initiative of the Year for having the best rewards program for a debit card in the Philippines and the Digital Wallet Initiative of the Year for the country.
The ABF Retail Banking Awards is an annual event that celebrates and acknowledges the exceptional achievements of retail banks and financial institutions in the Asia Pacific. The program recognizes industry leaders who have introduced innovative products, services, and solutions that have positively impacted their customers.
Aaron Foo, chief strategy officer of GoTyme Bank, received the bank’s first-ever international awards. He expressed that these accolades were a testament to the thought, hard work, and dedication put into designing and executing the products and services offered to customers.
GoTyme Bank’s partnership with the Robinsons retail ecosystem has provided it with a widespread presence in locations integrated into the daily lives of Filipinos. Their mission of bringing next-level banking products and services has allowed people to open a bank account while they shop, eat, and relax.
The GoTyme Bank Visa debit card stands out for its unique rewards program, living up to its “Nice Card, Nice Rewards” campaign that promises endless rewarding possibilities. The debit card’s Go Shop feature rewards shoppers with Go Rewards points for every purchase they make, making shopping a truly rewarding experience.
GoTyme Bank has ensured that its Visa debit card offers rewards for every swipe or tap, a rare feature in a country where rewards are typically associated with credit cards. Cardholders can earn Go Rewards points for both local and international transactions, making it one of the best debit cards in the country.
The earned Go Rewards points can be redeemed for merchandise at Robinsons retail shops or instantly transferred to the cardholder’s GoTyme Bank account using the GoTyme app. Additionally, the card doubles as a digital wallet, allowing customers to deposit and withdraw cash through ATMs or partner locations nationwide and perform international money transfers through services like PayPal, Western Union, Remitly, and MoneyGram.
GoTyme Bank continues to expand its partner-merchant list, and recent additions include Caltex, offering cardholders up to 2x the points for every PHP 300 spent on fuel with the GoTyme Bank Visa debit card.
The strategic collaboration among GoTyme Bank, BancNet, and Visa has resulted in offering convenient and accessible banking and digital payment solutions in the Philippines. This partnership aims to promote digital payments as a way forward toward a cashless society and provide quality banking services to every Filipino consumer.