GOtyme becomes fifth applicant to secure digital banking licence in Philippines

Photo: freestocks / Unsplash

Philippines conglomerate JG Summit Holdings Inc and its partner, South Africa’s Tyme, have been granted a licence to operate a digital bank in the Southeast Asian nation, the companies said on Monday.

GOtyme is the fifth digital bank licensee in the Philippines, after UnionDigital, state-run Overseas Filipino Bank, UNOBANK and Tonik Digital Bank Inc.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter