GoTyme Bank is one the six digital banks accredited by the Bangko Sentral ng Pilipinas. It leverages the expertise, experience and networks of the Gokongwei group of companies and the multi-country digital banking group Tyme Bank. The first syllable of the brand “GoTyme” suggests the Gokongwei group.
In February 2021, JG Summit Holdings, Inc. (or the Gokongwei group) created a joint venture with Tyme Bank to launch GoTyme Bank.
JG Summit Holdings is known as one of the largest conglomerates in the Philippines with business interests in diverse industries that include air transportation, banking, food manufacturing, petrochemicals, power generation, publishing, hotels, real estate and property development, and telecommunications. It’s known for democratizing industries. For example, it has democratized air travel industry through Cebu Pacific-- “It’s time that every Juan flies” has brought about affordable and accessible flights to every Filipino.
Now, through GoTyme Bank, every Juan has the ability to access opportunities that will eventually result in financial freedom. GoTyme Bank promises to unlock the financial potential of every Filipino thru next-level banking-- innovating its products, services, and business models to better serve the underserved and unbanked. What does it mean to every Juan? It means a high-quality, accessible and affordable account that provides access to opportunities.
Leveraging the retail establishments of the Gokongwei group has helped keep operational costs minimal and this translates the cost savings to accessible and affordable services for GoTyme Bank customers.
In Gokongwei’s retail outlets like Robinsons Supermarket, Marketplace, Shopwise, Robinsons Easymart and Robinsons Department Store, GoTyme Bank has a total of 269 kiosks where anyone can open an account, get a free Visa ATM debit card and talk to a human bank ambassador. It has activated 1,031 deposit and withdrawal (DEWI) locations at the cashiers of the Gokongwei retail ecosystem.
Every GoTyme Bank Visa debit card comes with Go Rewards built right in. A customer can triple the points earned when paying with the debit card in Go Rewards partner stores. There’s more: GoTyme Bank has partnered with Cebu Pacific and Go Rewards to enable a customer to reach dream destinations by boosting rewards points earned from flights. These can then be redeemed to pay for flights and flight add-ons.