GoTyme Bank Partners Mambu to Roll Out New Innovative Products and Services

GoTyme Bank Partners Mambu to Roll Out New Innovative Products and Services

by January 17, 2023

Newly launched Filipino digital bank GoTyme Bank has partnered with cloud banking platform Mambu to roll out new products and services in the coming months.

Singapore-based Tyme Group has had a long-standing relationship with Mambu which powered South Africa’s TymeBank to transition into a fully-fledged digital bank.

In a similar approach to its South African digital bank, GoTyme offers digital banking services via kiosks set up in retail outlets belonging to Robinsons Retail Holdings Inc under the Gokongwei Group.

GoTyme Bank said that it plans to have 348 kiosks across the country in operation by the end of 2023.

Nate Clarke

Nate Clarke

Nate Clarke, President and CEO of GoTyme Bank said,

“With the knowledge gained from transitioning TymeBank in South Africa to a fully digital bank, we knew we needed GoTyme Bank to be ‘born in the cloud’ in order to have the capacity to scale efficiently, so Mambu’s SaaS cloud-native, API-first banking platform was the obvious choice for us.

 

We understood what the Mambu platform was capable of and we were confident it would enable us to ‘lift and shift’ the TymeBank digital bank concept from South Africa to the Philippines, a market very similar in some ways, but very different in others, particularly in terms of the regulatory landscape.”

William Dale

William Dale

William Dale, Regional Vice President APAC at Mambu said,

“Mambu and Tyme Group’s prior experience working together meant that we truly hit the ground running in the Philippines and didn’t need to ‘reinvent the wheel’ in a lot of instances.

 

The result is an innovative, unique, and customer-centric digital bank that has been designed specifically to meet the needs of Filipinos.”