GoTyme Bank expects to breach the one-million customer market in a few weeks making it the one of the fastest-growing bank in the Philippines.
GoTyme Bank President and CEO Nate Clarke noted that atClarke attributed their success in the country to their partnership with theEven as they progress, Clarke said they
“If you strip away all the apps and the branches and everything else from banking in general, it's a trust game, and the Gokongwei name is accelerating customer adoption. Most importantly, I think the reason we’ve had early success is our unique model. We are doing a veryto deliver a preferred banking experience to everyoneHe noted that this preferred banking experience is limited to the top five percent of consumers, in particular, those bringing in millions of pesos to the business.
With many traditional transactions now facilitated through apps and chatbots, GoTyme’s unexpected but much-appreciated edge is its“If you're an average Filipino and you want to open a bank account with one of the incumbents, you walk into a branch, you spend hours in that branch probably, and then you don't even walk away with a fully functional account. You probably have to come back a couple of weeks later to get that debit card.
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