CIMB Bank Celebrates Milestone in PH, Teams Up with GCash

Ciara Alarcon
CIMB Bank reached an exciting milestone in the Philippines, as the company garnered 500,000 customers in just 6 months after launching its business in the country.

CIMB Bank Celebrates Milestone in PH, Teams Up with GCash
CIMB Bank Celebrates Milestone in PH, Teams Up with GCash

To strengthen its position in the local shores, CIMB Bank Philippines announced its strategic partnership with GCash, allowing the app’s users to have a seamless access to savings account services – dubbed as GSave.

GSave will be exclusively available on the GCash app. Moreover, CIMB Bank Philippines revealed that the two companies will be teaming up for more projects that will enhance financial services offered to GCash users.

“CIMB Bank Philippines is surely the fastest growing bank in ASEAN, a wonderful achievement, and a strong testament of things that can be achieved in the regime of digital-only banks. We are motivated by this and will continue to innovate for our customers. Well done to the teams,” Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group, addressed.

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“The partnership with GCash was central to us achieving this milestone. It is a live case study of bank-tech partnerships, a combination of banking expertise and technology platform plays, and the opportunities it allows both parties to access. I look forward to developing more propositions with GCash to further establish our mobile banking presence in the Philippines,” Zafrul added.

Meanwhile, GCash explained that its partnership with CIMB Bank will increase accessibility of financial products and services for all Filipinos.

In case you missed it, GSave offers an interest rate of 3% per annum, which is more than 10 times higher than those interest rates offered by most Philippine banks.

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