GoTyme Bank is gearing up to introduce its first lending product through a soft launch in September, according to Bankero, GoTyme President and Chief Executive Officer, Nathaniel D. Clarke.
This will be followed by the launch of an investment product in the fourth quarter, the CEO added.
Meanwhile, Bankero Albert Raymund O. Tinio, the bank’s Co-CEO and Chief Commercial Officer, announced that the digital lender is preparing to launch its bills payment function in the near future.
According to Tinio, the digital bank is also considering adding bancassurance, pending approval from the Bangko Sentral ng Pilipinas.
“To be candid, we were exploring that as well. Insurance companies are coming over and taking a look at what kind of products we can take in. That’s still under consideration,” he said.
In addition, Tinio said that GoTyme has raised its kiosk deployment target to 450 from the initial 400, with current kiosks standing at approximately 280 to 290, and they have been installed across the Philippines.
The focus is now on deploying kiosks inside Robinsons retail stores and malls, while also expanding to the wider Gokongwei group employees, such as Cebu Pacific and Universal Robina Corp.
The bank is also set to deploy onboarding kiosks in Uncle John’s branches, according to Tinio.
GoTyme is one of the six BSP-licensed digital banks in the Philippines, along with Tonik Digital Bank, Maya Bank, Overseas Filipino Bank, UNObank, and UnionDigital.
