In less than a year since commencing its operations in the Philippines, GoTyme Bank achieved a dual triumph at the 18th Asian Banking and Finance (ABF) Retail Banking Awards, hosted at Singapore’s Marina Bay Sands on July 25, 2023.
The bank clinched the coveted titles of “Debit Card Initiative of the Year,” recognizing its exceptional rewards program for a debit card in the Philippines, and “Digital Wallet Initiative of the Year.”
The ABF Retail Banking Awards is an annual platform that commends the remarkable accomplishments of retail banks and financial institutions across the Asia-Pacific region.
GoTyme Bank, established through a partnership between the Gokongwei conglomerate and the multi-country digital banking entity Tyme Bank, stands as one of the six digital banks authorized by the Bangko Sentral ng Pilipinas. It officially launched its operations in October of the preceding year.
Notably, GoTyme Bank’s Visa debit card boasts the nation’s premier rewards program, substantiating the recent “Nice Card, Nice Rewards” campaign, which highlighted the extensive potential for rewarding experiences. The innovative permanent Go Shop feature revolutionizes shopping into an enriched venture by accumulating Go Rewards points for patrons. This accumulative point system translates into substantial rebates ranging from 1 to 4 percent on purchases.
The accrued points are redeemable for items at Robinsons retail outlets or within the GoTyme app, offering instant cash transfers into cardholders’ GoTyme Bank accounts. The digital advantages extend further, enabling GoTyme Bank Visa debit cardholders to engage in hassle-free digital wallet functions. These include automated cash deposits and withdrawals via ATMs or partnered locations nationwide, as well as international money transfers through renowned platforms like PayPal, Western Union, Remitly, and MoneyGram.