Tag "GoTyme Bank"
GoTyme On Track to Double User Base, Targets 10 Million Users in Four Years
GoTyme Bank Corp, backed by the Gokongwei group, is on track to surpass its initial five-year goal. by achieving a milestone of 10 million users within just four years instead of five as previously projected. Nathaniel Clarke, the digital bank’s
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Philippines Digital Banks Attracted US$700 Million So Far as Investors Interest Peaks
In a promising development for the standalone digital banks in the Philippines, more than US$700 million has been invested by both local and global investors, indicating robust growth in this emerging industry. As of the end of 2023, the number
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GoTyme, TymeBank Group to Expand to Vietnam and Indonesia This Year
TymeBank is gearing up to extend its footprint further into Southeast Asia with planned launches in Vietnam and Indonesia, following its profitable operations in South Africa and successful venture in the Philippines. Coenraad Jonker, CEO of TymeBank as well as
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GoTyme Counters Claims of Substantial Losses, Cites Growth and Adoption Metrics
In response to a report published by an online news portal claiming GoTyme Bank faced considerable losses in 2023, the digital bank has labelled these assertions as “incomplete, sensationalised, and misleading.” GoTyme, a venture between the Gokongwei Group of Companies
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BPI to Sell Entire Stake in GoTyme Bank Following Strategic Review
The Bank of the Philippine Islands (BPI) has decided to divest from digital bank GoTyme, selling its entire stake acquired following the merger with Robinsons Bank Corp (RBC). This involves offloading 752,056,290 common shares, with the transaction valued at roughly
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Breaking Down Digital Banking Products in the Philippines
Digital banking has swiftly expanded across Asia, notably achieving reasonable success in nations such as South Korea, China, and Japan. Within Southeast Asia’s digital banking sector, the Philippines joined Singapore as early adopters of digital bank products and services amid
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GoTyme Projects Doubling Customer Base to 5 Million, Unleashing New Products in 2024
GoTyme Bank is poised for considerable growth, with expectations to more than double its customer base by the conclusion of this year. This anticipated expansion is linked to the bank’s plans to introduce a broader range of products and services.
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GoTyme Bank and Its Remarkable Journey Towards Profitability
GoTyme Bank stands out as a beacon of digital banking promise in the Philippines, less than two years after launch, in an era where fintech innovations are rapidly transforming the global banking landscape. The unique joint venture between Tyme Group,
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Tyme Group’s Digital Bank Achieves Profitability in Record Time
Tyme Group, known for GoTyme in the Philippines, has announced its annualised revenue run rate reaching approximately US$160.7 million in 2023. This financial milestone is a testament to the remarkable success of its flagship South African operation, TymeBank, which now
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GoTyme Bank and PayMongo Enable Easier Loan Access for Thousands of SMEs
Filipino digital bank GoTyme and payment gateway PayMongo have recently announced a partnership aimed at enhancing financial access for small and medium-sized enterprises (SMEs). This collaboration is set to allow thousands of SMEs in the PayMongo merchant network to obtain
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