Financial technology, or fintech, has reframed the way we see and do money management. Gone are the days of numerous documents to fill up or submit, standing in long lines for a bank teller to assist you, or waiting for approvals for bank requests. Digital innovation has truly transformed banking as we know it.
But with so many platforms and apps now available in the market, it can be quite daunting to choose one that provides the range of features and the ease of use one expects from such tools.
Security is also of utmost concern –phishing, data privacy, and risks for fraudulent transactions are some of the many issues faced by the industry.
Additionally, while going online makes everything convenient, people still want to have actual cash on hand — very helpful for emergency situations — so they still look for the ability to withdraw from their online account via ATMs.
Fortunately, there is Komo – the fully digital banking service that combines all the must-have features of an online banking platform and takes that experience to the next level.
Powered by EastWest, Komo enables anyone – from the online banking newbie to the fintech savvy – to meet daily banking needs with ease, convenience, and most of all security, all with a few taps of the app. Plus, Komo delivers full control over your money – truly a promise unlike any in the industry.
Getting started without the hassle
Like most digital wallets and banks, Komo allows you to open an account anywhere, anytime with just the Komo app. Using just one ID and a stable internet connection, you can open an account in minutes — without leaving your home, signing multiple times, or getting in line!
What sets Komo apart is that it comes with a free VISA debit card that enables you to make free withdrawals from any ATM locally.
So wherever you are in the country, rest easy knowing you can get cash without any fees; while abroad, you can quickly have cash on hand by withdrawing for a fee from ATMs accepting VISA. Your debit card can also be used for seamless cashless shopping here and abroad in all stores accepting VISA.
Real convenience anytime, anywhere
With digital finance comes the convenience of attending to money management tasks without contending with commuting, traffic, and long bank lines. However, digital banking does come up short with its limits — a means that allows players to be regulated in a booming industry. With Komo, they take convenience to the next level.
Pay for your bills and transfer money nationwide for free in just a few taps on the app. What’s even better is that you can transfer as much as P200,000 per day per beneficiary from your Komo account — now that’s true convenience!
Digital banking made more secure
A frequently asked question when it comes to going digital is “Is my money/account safe and secure?”.
This is a very valid question and on the surface, Komo answers this by allowing customers to track their transactions and easily configure their app passcode and card PIN via the app.
Taking it further, Komo also features the biometric service. Imagine doing away with OTPs when you transfer or pay bills but instead, authenticating actions with just your face or your thumbprint – giving you security that can’t be breached. You can also lock your cards in seconds, safeguarding you from fear of theft, fraud, and even budols!
Komo also looks at securing your savings. With a 2.5% annual interest rate on top of your savings, you can protect your money better and grow your funds faster than in brick and mortar establishments.
Going beyond interest, Komo also has its Personal Finance and Analytics tools — two money management services that help you gain insights on your expenses and visualize your savings goals progress to allow you to build better savings habits. Now that’s control uniquely given by Komo!
Through Komo and its partner, Troo Flex, you can build your own insurance plan in a few minutes! If signing up for protection seemed tedious before, now you can enjoy the freedom to create and customize your own benefits via mobile without breaking the bank.
For as low as P428 per year, you can purchase total protection right on your phone.
There are so many e-wallets and digital banks out there that choosing one can be difficult. But with Komo, you get all the basic features you’ve come to expect and more. Download Komo today by tapping on this link and start experiencing total Kontrol.