GoTyme Bank, the joint venture between the Gokongwei Group and the multi-country digital banking group Tyme Bank, scored a twin win at the 18th Asian Banking and Finance Retail Banking Awards held on July 25, 2023, at the Marina Bay Sands in Singapore. GoTyme Bank was recognized as having the Philippines’ Debit Card Initiative of the Year and the Digital Wallet Initiative of the Year.
The annual ABF Retail Banking Awards program recognizes the outstanding achievements of retail banks and financial institutions in the Asia Pacific. It honors the industry leaders who have introduced cutting-edge products, services, and solutions that made a positive impact on its customers.
Aaron Foo, GoTyme Bank chief strategy officer, received GoTyme’s first-ever international awards. “They are a testament to the thought, hard work, and dedication we’ve put into designing and executing the products and services we offer our customers,” said Foo.
Aaron Foo (right), GoTyme Bank chief strategy officer, receives two awards from Timothy Charlton, Charlton Media Group managing director and editor in chief. The annual Asian Business and Finance Banking Awards are presented by Asian Business and Finance magazine, published by the Charlton Media Group. IMAGE Courtesy of GoTyme Bank
With its win at the ABF Banking Awards, the GoTyme Bank Visa debit card backs up its claim of having the best rewards program in the Philippines.
“Usually debit cards don’t have rewards. At GoTyme Bank, that’s not the case. Our partnership with Go Rewards makes our Visa debit card the most rewarding in the market,” said GoTyme Bank President and CEO Nate Clarke.
Among the many unique features which make the GoTyme debit card stand out from the competition is called “Go Shop.” Albert Tinio, GoTyme Bank co-CEO, shares, “With Go Shop, you can earn, enjoy, and share special rewards with your family and loved ones anytime you want. Here at GoTyme Bank, we bring together the convenience of debit cards and the benefits of reward points into one sleek and stylish card.”
Thanks to Go Shop, customers earn 3x Go Rewards points for every purchase from partner-merchants like Robinsons Supermarket, The Marketplace, True Value, and Toys 'R Us. Purchases from non-partner stores, on the other hand, entitle shoppers to one reward point for every PhP600 spent.
The earned points can be redeemed for merchandise at Robinsons Retail shops or for their exact cash equivalent, which is credited to the cardholder’s GoTyme Bank Everyday Account by using the GoTyme app.
To maximize their purchasing power, cardholders may choose to transfer the cash proceeds from their GoTyme Bank Everyday Account to their Go Save Account and earn 5% per annum interest.
Rebates are another benefit of using the GoTyme debit card, as cardholders can earn between 1 to 4% rebates on their purchases.
On top of these perks, cardholders also enjoy the ease of a digital wallet as they can deposit and withdraw cash through ATMs or over-the-counter at one of GoTyme’s many partner locations nationwide, and send and receive money from abroad through PayPal, Western Union, Remitly, and MoneyGram.
The list of GoTyme Bank’s partner-merchants keeps growing, with Caltex being among the latest. GoTyme Bank card holders can now enjoy up to 2x the points for every PhP300 when they gas up and pay at Caltex stations using their GoTyme Bank Visa debit card.
For more information on GoTyme Bank, visit gotyme.com.ph
