GoTyme Bank

Last updated
GoTyme Bank
Industry
FoundedOctober 20, 2022;2 years ago (2022-10-20)
Headquarters
Giga Tower, Quezon City
,
Philippines
Key people
Nathaniel David Clarke (President and CEO)
Albert Tinio (co-CEO and CCO)
Parent Gokongwei Group
Website www.gotyme.com.ph

GoTyme Bank (stylized as GOtyme bank) is a Filipino direct bank and a subsidiary of the Gokongwei Group. [1] [2]

Contents

History

A GoTyme Bank debit card powered by Visa GoTyme Bank Debit Card.jpg
A GoTyme Bank debit card powered by Visa

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. [3] [4]

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, [5] which took effect on January 1, 2024. [6] However, on March 22, 2024, BPI announced that it will divest its stake in GoTyme, citing a "potential conflict of interest". [6] [7]

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. [8]

See also

References

  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. 1 2 "BPI to divest from GoTyme Bank". BusinessWorld Online. 22 March 2024. Retrieved 5 March 2025.
  7. ↑ Adonis, Meg J. (22 March 2024). "BPI divests from Gotyme". INQUIRER.net. Retrieved 5 March 2025.
  8. ↑ Ayeng, Raffy (June 3, 2024). "GoTyme, CICC step up collab vs. financial fraud". Daily Tribune (Philippines) . Retrieved June 3, 2024.
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