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GoTyme Bank continues to redefine banking excellence, securing four prestigious awards from Visa in recognition of its remarkable growth and performance. The bank received accolades for Highest Debit Payment Volume Growth, Highest Debit Card Growth, Highest Active Debit Cards Growth, and Highest Cross-Border Payment Volume Growth — affirming its position as the fastest-growing bank in the Philippines.
GoTyme Bank’s Visa debit card now ranks as the #2 debit card in total payment volume in the Philippines. In 2024, the bank recorded a 153% year-on-year increase in total payment volume, reaching P6.1 billion, driven by robust holiday spending and an uptick in travel. Domestic payment volume rose 93% to P2.9 billion, while cross-border transactions surged 256% to P3.2 billion, reflecting the growing trust of Filipino travelers in GoTyme Bank’s Visa debit card.
“Visa and GoTyme share a commitment to advancing innovation in digital payments” says Jeff Navarro, Visa Country Manager for the Philippines. “We are proud to be part of their growth, and our fruitful partnership speaks to our shared drive to deliver customer-centric and innovative product offerings that make digital banking more accessible and valuable to Filipinos.”
The bank’s exceptional cross-border payment volume aligns with its ongoing GoTyme travel campaign, positioning the GoTyme Bank Visa debit card as the best choice for international travel. With the lowest forex rate among banks at just 1%, Go Rewards points earned on every transaction, and zero ATM withdrawal fees abroad, GoTyme Bank provides unmatched value for travelers.
“Winning these awards from Visa underscores our relentless pursuit of making banking effortless, rewarding, and accessible,” says Nate Clarke, GoTyme Bank CEO. “Our mission is to provide every Filipino with a beautiful banking experience, and these recognitions validate the trust our customers have placed in us. As we continue to expand, we remain focused on innovation and customer satisfaction.”
GoTyme Bank’s rapid adoption is further evidenced by its 16% growth in Cards in Force (CIF), reaching 5.5 million debit cards by Q4 2024, a testament to its commitment to accessibility, made possible by the ease of creating an account and printing a debit card at any of its 535 kiosks nationwide. Additionally, its active debit card user base saw a 13% increase, proving the growing preference for GoTyme Bank’s seamless and rewarding banking services.
With its continued commitment to financial empowerment and convenience, GoTyme Bank is setting new benchmarks in banking, providing Filipinos with the tools they need to manage their money effortlessly—anytime, anywhere.
