CIMB Bank Philippines (CIMB Bank PH) today 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 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. Gcash is an e-payments platform owned by Mynt, the revolutionary fin-tech startup of Globe Telecom, Ayala Corporation and Ant Financial, an affiliate of Jack Ma’s Alibaba Group.
Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group, who was in Manila to celebrate this milestone said, “CIMB Bank PH 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. I look forward to developing more propositions with Gcash to further establish our mobile banking presence in the Philippines.”
Anthony Thomas, President and Chief Executive Officer of Gcash affirmed its shared mission with CIMB Bank to increase the accessibility of financial products and services for all Filipinos. We welcome this achievement and the deepening of our collaboration with CIMB Bank and assure our users that we will continue to provide more innovative services to address the banking and financial needs of Filipinos who aspire for financially better lives for their families.”
The 500,000 users are now enjoying the benefits of CIMB’s saving account, which is available as the Safe Money feature on the Gcash application.
