Tedday2223
Member
The total deposits of digital lender GoTyme Bank reached P17.3 billion after onboarding 1.7 million customers in the first half, bringing its total customer base to 3.7 million since its launch in November 2022. This makes the digital bank on track to hitting its goal of onboarding five million customers and over P20 billion in deposits by end-2024. GoTyme Bank president and CEO Nathaniel Clarke said they wish to be the fastest growing bank by monthly customers added by the end of the year. “In similar fashion, we’re very excited to share that we’ve grown to 3.7 million customers (as of June) from two million customers (in end-2023), making us the fastest growing bank in the Philippines,” Clarke said. Beyond customer growth, he noted that GoTyme is the fastest-growing digital bank by other measures as well, including monthly app downloads, monthly active app users, InstaPay transactions and Visa debit card transactions. The digital bank said monthly transactions via the app grew seven times in the first half mainly due to over 250,000 new customers per month. GoTyme Bank co-CEO Albert Raymund Tinio said that the bank is on track to onboard five million customers in just two years. “When we announced that we hit three million, we were computing what’s our track or trend to hitting by the end of the year,” he said. “And we’re on track to hit that five million that we committed to.”
It appears like more customers are putting their trust in GoTyme. 
