The Ayala Group’s Globe Telecom and Gokongwei-led GoTyme Bank have partnered to speed up fraud investigations and protect customers from rising financial crimes.
GoTyme Bank, venture between the Gokongwei Group and Tyme Group, achieved a milestone of five million users, redefining digital banking in the Philippines with its seamless, customer-focused approach.
GoTyme Bank Philippines, a venture with Gokongwei-led conglomerate JG Summit Holdings, is set to accelerate its growth and roll out advanced lending solutions following Nubank’s $150-million investment in its parent company, Tyme Group.
The Zobel family-led Bank of the Philippine Islands (BPI) received clearance from the Bangko Sentral ng Pilipinas to sell its 15 percent stake in GoTyme Bank for about P900 million.
GoTyme Bank, a joint venture between the Gokongwei Group and the Tyme Group, has partnered with the Bangko Sentral ng Pilipinas to allow customers to deposit coins directly into their high-interest savings accounts using BSP’s Coin Deposit Machines.
Gokongwei-led GoTYme Bank, one of the six digital banks operating in the Philippines, said on Tuesday it acquired SAVii, the country’s biggest provider of salary loans.
The Ayala Group’s Bank of the Philippine Islands (BPI) is selling back its 15 percent stake in GoTyme Bank, one of the country’s few digital banks, to a venture led by the Gokongwei Group.