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GoTyme Bank

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Digital bank in the Philippines
GoTyme Bank
Industry
FoundedOctober 20, 2022; 2 years ago (2022-10-20)
HeadquartersQuezon City, Philippines
Key peopleNathaniel David Clarke (President and CEO)
Albert Tinio (co-CEO and CCO)
ParentGokongwei Group
Websitewww.gotyme.com.ph
A GoTyme Bank debit card powered by Visa

GoTyme Bank is a Filipino direct bank and a subsidiary of the Gokongwei Group.

History

The creation of GoTyme Bank was planned in 2021 by the Gokongwei Group as a joint venture with South African-owned TymeBank. The Gokongwei Group secured a certification to operate a digital bank from the Bangko Sentral ng Pilipinas in 2022.

On October 20, 2022, GoTyme Bank was formally launched. As the Gokongwei Group owned Robinsons Bank when it launched, JG Summit President Lance Gokongwei stated that the Ayala-owned Bank of the Philippine Islands will be GoTyme Bank's shareholder once BPI's merger with Robinsons Bank is completed.

On May 22, 2024, GoTyme's CEO Albert Raymund O. Tinio signed a memorandum of understanding with the Department of Information and Communications Technology’s CICC Director Alexander K. Ramos at the National Cybercrime Hub in Bonifacio Global City. It's “Whole-of-Society” approach aims to fight financial fraud, including cyberattack on e-commerce transactions, in collaboration with Scam Watch Pilipinas.

See also

Reference

  1. Monzon, Alden M. (9 October 2023). "GoTyme Bank eyeing Vietnam expansion". INQUIRER.net. Retrieved 10 October 2023.
  2. Loyola, James A. (25 August 2022). "Gokongwei Group master brand launched". Manila Bulletin. Retrieved 10 October 2023.
  3. Fenol, Jessica (24 August 2021). "Digital bank GOTyme eyes mid-2022 launch: Lance Gokongwei". ABS-CBN News. Retrieved 10 October 2023.
  4. Lim, Jamilah (24 August 2021). "Digital banking in Philippines sees new contender, GOtyme". Tech Wire Asia. Retrieved 10 October 2023.
  5. Pascual, Jekki (20 October 2022). "Gokongwei Group launches digital bank GoTyme". ABS-CBN News. Retrieved 10 October 2023.
  6. Ayeng, Raffy (June 3, 2024). "GoTyme, CICC step up collab vs. financial fraud". Daily Tribune (Philippines). Retrieved June 3, 2024.

External links

Banks in the Philippines
Bangko Sentral ng Pilipinas
Universal banks
Government banks
Commercial banks
Thrift banks
Digital banks
Other banks
Defunct
JG Summit Holdings
Headquarters
Pasig City
Current businesses
Former businesses
Related articles
Acquired by PLDT in 2011.
Sold to Intersnack in 2021.
Merged with BPI in 2023.
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