The Tyme Group’s Philippine unit GoTyme Bank, a joint venture with the Gokongwei Group, has reached over 2.3 million customers in just 14 months, onboarding an average of 250,000 customers per month over the past three months.
“GoTyme is on the right track to build one of largest retail banks in the country and fulfill its mission of unlocking the financial potential of all Filipinos,” said GoTyme Philippines CEO Nate Clarke.
GoTyme Bank democratizes a “preferred banking” experience by offering features, pricing, and customer service that was previously reserved for the top 5 percent.
Meanwhile, GoTyme Bank’s parent bank, the Tyme Group is revolutionizing the digital banking landscape with its unique “phygital” model.
This innovative approach seamlessly blends digital convenience with personalized human touch points, unlocking impressive growth and profitability in underserved emerging markets like South Africa and the Philippines.
The bank realized annual revenue of $160 million in 2023, making it to the top 5 percent of global digital banks, while its flagship South African operation TymeBank becomes the world’s fastest profitable standalone digital bank.
“We are proud of our growth in emerging markets, as we bring critical financial access to individuals and businesses. These markets are significantly underserved compared to more established markets, representing enormous growth opportunities for Tyme Group,” said Tyme Group co-founder and executive chairman Coenraad Jonker.
