GoTyme Bank, a Philippine digital bank, said it has acquired over 6.5 million users in less than three years and now holds more than P30 billion in customer deposits.
The bank said in its second-quarter update it sustained a rapid growth in usage, reach and financial trust, making it the fastest-growing digital bank in the Philippines.
“In just the last three months, GoTyme users spent over P10.5 billion using our card, which has now been used in more than 100 countries,” GoTyme Bank chief executive Nate Clarke said.
“It shows that our customers are not only banking with us, they’re taking us around the world,” said Clark.
The bank now ranks among the top four in monthly active app users and top five in InstaPay transactions, placing it alongside the country’s largest traditional financial institutions.
Clarke said the P30 billion in deposits reflects rising consumer confidence, prompting the bank to strengthen its digital security with biometric verification for device relinking and upgraded fraud detection to guard against phishing and other threats.
He said that by the third quarter of 2025, the bank would have kiosks in every SM Store nationwide, where customers can open an account in minutes and receive a free Visa debit card on the spot.
“We are putting the power of banking directly where people live, shop, and thrive,” said GoTyme co-chief executive Albert Tinio.
“This is more than convenience. This is a revolution in access and empowerment,” said Tinio.
GoTyme is also extending up to P3 million in credit to micro, small and medium-sized enterprises (MSMEs) through collaborations with PayMongo and foodpanda, aiming to drive local economic growth.
The bank continues to roll out accessible and inclusive financial tools, including “Buy Now, Pay Later” four-installment plans with low, transparent fees; stock investing, which will be launched in the third quarter; curated cryptocurrency trading; self-service cash deposit/withdrawal machines; and a new Go Rewards system.
