To celebrate the milestone, GoTyme Bank will be treating its loyal customers to a limited-time treat, bringing back its 5% annual savings rate from January 1 to February 28, 2025.
Tyme Group, the major shareholder of GoTyme Bank, announced that it has achieved unicorn status after securing a total of $250 million in new money leading to a post-money valuation of $1.5 billion.
GoTyme Bank, the Philippines’ fastest-growing bank with over four million users, is also the bank of choice among young achievers — and Formula car driver Bianca Bustamante is one of them.
As such, the company has dropped its “digital bank” description in its marketing collaterals to convey the message that it is now a full-fledged bank performing its functions in a digital platform.
Fast-growing digital bank GoTyme is set to propel the expansion of its payroll-enabled financial products through the recent acquisition of SAVii by GoTyme’s major shareholders.
The multimedia push aims to illustrate the irreplaceable value of the human touch — that despite GoTyme Bank’s digital nature, its customer service still remains the most important touchpoint in building meaningful relationships with clients.
GoTyme Bank, a joint venture between the Gokongwei group of companies and Tyme Group, said it now has more than 300 kiosks in the Philippines, with plans to expand to 450 by end-2023.
GoTyme Bank recently gathered members of its Facebook community to personally field suggestions on what features they’d like to see on the GoTyme Bank app as wise and helpful additions to maximize their personal accounts.
GoTyme Bank, the joint venture between Gokongwei Group and the digital banking firm Tyme, is now officially one of a few financial entities in the country to offer a 5% annual percentage yield (APY) for a savings product, specifically ‘GoSave’ which features automated deposits and transfers and previously provided 3% APY with no conditions and limits.
