Gokongwei-backed digital lender GoTyme Bank has partnered with BancNet and Visa to expand its reach as it prepares to launch its operations in the country.
Visa’s worldwide reach and expertise in digital payments, BancNet’s extensive nationwide and offshore coverage, and GoTyme Bank and the Gokongwei brand’s reputation, technology, and understanding of the Philippines market, will offer high-quality banking to Filipinos.
This partnership launch coincided with the introduction of the GoTyme Visa ATM Debit Card that will be given out for free to all GoTyme Bank Account holders. This will allow cardholders to enjoy the benefits of Visa for transactions worldwide and withdraw from any ATM.
The virtual and physical cards will have the same number and will be personalized with the cardholder’s name.
Initially, consumers who download the GoTyme app will be able to generate a Visa-powered virtual card for free that they can use to make digital payments and other related transactions, with more exciting solutions and benefits in the pipeline. The personalized cards will be issued in real time through GoTyme Bank.