MANILA, Aug 14 (Bernama) — CIMB Bank Philippines (“CIMB Bank PH”) yesterday announced that it has garnered 500,000 customers, approximately six months after opening its doors for business in the Philippines. The milestone was reached anchored on a strong proposition of co-creation and partnership between CIMB Bank and GCash, the No. 1 e-payments platform in the Philippines.
The all-digital, mobile-first CIMB Bank PH was launched in early 2019 with a goal of bringing a unique and differentiated banking proposition to Filipinos. Anchored on a DNA of strong strategic partnerships and solving customer pain points digitally, CIMB Bank PH had forged a partnership with GCash, to allow GCash’s customers direct, paperless and seamless access to savings account services, a product termed GSave. GCash is an e-payments platform owned by Mynt, the revolutionary FinTech startup of Globe Telecom, Ayala Corporation, and Ant Financial, an affiliate of Jack Ma’s Alibaba Group. This partnership is in line with CIMB’s ‘Invest and Incubate’ pillar under Forward23, the Group’s current mid-term growth plan.
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