Friday, August 16, 2019

CIMB Bank Announces 500,000th Customer Expands strategic partnership with GCash


 
 
 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. GCash is an epayments platform owned by Mynt, the revolutionary fintech startup of Globe Telecom, Ayala Corporation and Ant Financial.

“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. We are motivated by this and will continue to innovate for our customers. Well done to the teams. 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. ~Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group
 
CIMB Bank announced that they have 500,000 customers after opening its doors for business in Philippines  they launched in early 2019 with a goal bringing a unique and differentiated banking proposition to Filipinos. CIMB Bank partner with GCash to allow GCash customers direct, paperless and seamless access to saving account services it is called GSave.
 


The 500,000 GSave users are now enjoying the benefits of CIMB's saving account, which is available as the Save Money feature on the GCash application. GSave does not require an initial deposit or maintaining balance nor does it impose service charges for transaction greatly reducing the barriers for ordinary Filipinos to open and maintain a savings account.
 
CIMB Group operates its business through three main brand entities , CIMB Bank , CIMB investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niagara in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand. DO IT RIGHT campaign calls on Filipinos to proudly show their support for RH and family Planning They launched a campaign urging Filipinos to show their support openly for family planning and reproductive health with the "DO IT RIGHT " slogan and a distinctive hand sign.
 

 
70 percent of Filipinos support family  planning and initiatives, such as the Responsible Parenthood and RH Law. The campaign is designed to encourage everyone to take those beliefs they already hold inside and share them out in the open,proudly, especially on social media like Facebook . They include a social blitz, festival events, as well as advertising in traditional media like billboards, print and radio. It encourages couples and individuals to flash the DO IT RIGHT hand sign in selfie post or in public.
 
Two fingers held up together representing the members of a couple with a thumb in between representing the contraceptive or safe sex measures that strengthen their bond.
 
Economists and public health experts have long lamented the need for improved RH education and access to modern contraception in the Philippines, especially for the country's poorest  Religious based organizations have protested the RH Law in recent years, but the law prevailed against court challenges and is fully in forced today.
 

For more information, please visit https://www.globe.com.ph/gcash. To learn more, visit us at www.cimbbank.com.ph or Like us on Facebook and Follow us on Instagram @CIMBBankPH. Download OCTO by CIMB Bank in App & Play stores today. 






About CIMB Bank Philippines
CIMB Bank, ASEAN’s Top 5 largest bank present in over 16 global markets, has extended its reach in 2018 by providing Filipinos a whole new banking experience. CIMB Bank Philippines Inc. is an all-digital mobile bank headquartered in Bonifacio Global City, Metro Manila, Philippines.
 
CIMB Bank Philippines offers 24/7 safe and secure banking with their seamless account opening in 10 minutes, the best in market rates, no initial deposit or maintaining balance requirements, convenient deposit and withdrawal locations, and zero transaction fees, all done through OCTO by CIMB Bank mobile app.
 
CIMB: The Way Banking Should Be.
 
About CIMB Group
CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest financial services provider, by assets. It offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK.

CIMB Group has the most extensive retail branch network in ASEAN of around 740 branches as at 30 June 2019. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage around 600 stocks in the region.

CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM52.3 billion as at 30 June 2019. The Group has over 36,000 employees located in 16 countries.
 
About Mynt
Mynt is a partnership between Globe Telecom, the Ayala Corporation, and Ant Financial, that provides innovative and first-in-world fintech solutions to consumers, merchants, and organizations. Its vision is to enable financial access for consumers and merchants by disrupting traditional channels through digital financial technology services. It operates two fintech companies: GCash, a micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer, and Fuse, a tech-based lending company that enables Filipinos to get microloans to business loans without the traditional requirements set by banks and other lending institutions. For more information, visit mynt.xyz.
 
About GCash
GCash is an internationally-acclaimed micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer. GCash can be used to buy prepaid load, pay bills, send money, make donations, shop online, and even purchase goods without the need to bring any cash. 
 

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