Manila, Philippines – GoTyme Bank, a local fintech funded by the Gokongwei Group, has recently received a go signal from the country’s central bank Bangko Sentral ng Pilipinas (BSP) to set up a local digital bank for Filipinos.
GoTyme Bank received its certificate of authority from BSP on July 29 this year, following prior approval from the country’s Securities and Exchange Commission (SEC) and the Monetary Board (MB).
Through GoTyme, clients can open an account in under five minutes through digital kiosks and avail of banking products and services such as bank transfers, shopping rewards, interest savings, trading, investing and customer service.
In addition, it combines the ease of immediate account opening with a personalised debit card released through kiosks located in shopping malls throughout the Philippines, plus the power of self-serve financial solutions accessible through an intuitive ‘all in one’ banking app.
GoTyme Bank is a joint venture by multinational digital banking group Tyme, involving members of the Gokongwei Group namely Robinsons Bank, Robinsons Land Corporation, and Robinsons Retail Holdings.