To give Filipinos a better option for their needs in terms of digital banking services, the Gokongwei Group and Singapore-based Tyme established GoTyme in the Philippines.
President and CEO of JG Summit Holdings Inc. Lance Gokongwei claimed that Gokongwei Group and Tyme are all prepared to disrupt the market and make GoTyme Bank the “superior alternative” that will give Filipinos more financial empowerment.
GoTyme Bank will be able to give Filipinos more access to top-notch banking products by utilizing the large ecosystem of the Gokongwei Group.
The group’s retail and real estate footprint is deeply ingraine. In Filipinos’ daily lives and distributed with the bank’s digital kiosks. This democratizes the supply of financial services to meet the requirements of all Filipinos, regardless of their age, income level, or location.
GoTyme Bank uses high-tech and high-touch methods to make financial solutions more accessible to Filipinos.
The group’s retail and real estate footprint is deeply ingraine in Filipinos’ daily lives and distributed with the bank’s digital kiosks. This democratizes the supply of financial services to meet the requirements of all Filipinos, regardless of their age, income level, or location.
GoTyme Bank uses high-tech and high-touch methods to make financial solutions more accessible to Filipinos.
More Filipinos will be able to achieve their financial goals thanks to the GoTyme Bank “phygital” concept. Which blends safe digital transactions with physical touchpoints like kiosks and bank ambassadors.
With the development of digital banks and e-wallets over the past ten years, the acceptance of digital payments has accelerated.
Although many Filipinos are already accustome to using basic accounts and cashless transactions to access fintech. The local market still needs to be explore for many financial digital solutions.
According to president and CEO Nate Clarke. The next-level banking experience offered by GoTyme Bank will be able. To fill in any gaps in the financial services available to Filipinos.
“Less than three percent of Filipinos have access to affordable credit, such as a credit card. Which means they are often paying 10 to 20 percent per month for their short-term borrowing needs,” Clarke said.
In addition, less than three percent of Filipinos have access to high-yield investments. Like stocks and equities, and less than 3% of Filipinos have access to insurance.
According to Albert Tinio, co-CEO and chief commercial officer of GoTyme Bank. Customers would appreciate the convenience of having reachable touchpoints.
To conduct transactions, customers with the GoTyme Bank debit card can access local and foreign ATMs around the clock. At retail establishments connected to Robinsons, one may deposit and withdraw money without paying a fee. With more sites schedule to open in the upcoming weeks. There are now 15 kiosks at a few Robinsons supermarkets that are prepare to serve customers.
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