GoTyme Reaches 7 Million Users with Global Plans Ahead
Hey Digital Banking Fanatic!
As you know, I’m constantly following other top creators, and when I find ones worth your time, I love sharing them. So here’s a fresh list curated by Takline that I think you’ll enjoy. Check them out and give them a follow!
Now, shifting back to the digital banking world, GoTyme Bank Philippines caught my attention. They just hit 7 million users (that’s +2 million in a year 🤯), are aiming for 9 million by year-end, and are already eyeing expansion into Vietnam and Indonesia.
But there’s more to GoTyme, and plenty is happening in digital banking right now. Keep reading to catch up 👇
See you tomorrow!
Cheers,
NEWS
🇵🇭 GoTyme breaches 7M user count. The bank now has 7 million users, up from 5 million last year, as more Filipinos prefer the ease of opening digital bank accounts for quick transactions and usage. Nate Clarke, GoTyme CEO, confirmed to reporters last week that they wanted to get close to 9 million users within the year.
🇬🇧 UK’s Digital Bank Monzo leverages data-driven insights for fraud prevention. Recent updates from the UK’s digital bank Monzo highlight their approach to product development: the implementation of a reactive fraud prevention platform and a shift from traditional dashboards to a data-as-a-product solution.
🇦🇪 ADIB latest GCC bank to launch Visa's real-time cross-border money transfer. The 'Remit' service from ADIB allows its customers to send money to more than 11 billion cards, digital wallets, and accounts worldwide. The Visa instant fund transfer option will help banks in the UAE and the Gulf expand on gaining a bigger slice of the remittance market, too.
🇺🇸 Huntington Bank welcomes a new era with a refreshed brand, new products, and digital experiences. This includes an updated logo and visual identity, new products, and reimagined digital experiences built to enhance the financial well-being of its customers.
🇬🇧 PingPong gets on board with ClearBank. Through this collaboration, PingPong will leverage ClearBank’s local agency banking solution to enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality.
🇦🇺 Banking Circle completes acquisition of Australian Settlements Limited to revolutionise payments in Australia. This strategic acquisition unites ASL’s established ADI licence and deep domestic banking, payments, and settlement experience with Banking Circle’s world-class cross-border payments and infrastructure capabilities.
🇸🇪 BNPL FinTech Klarna reports a decline in delinquency rates as consumer health improves. The FinTech announced a continued improvement in repayment performance among its extensive consumer base of 100 million. Globally, its delinquency rate on BNPL loans fell to 0.88% for Q2 2025, a 15 bps improvement from 1.03% in Q2 2024.
🌍 Klarna expands programmatic retargeting across Europe. In collaboration with Criteo, Klarna is enabling more brands to tap into its high-intent shopper audience, helping reconnect with customers at key decision-making points across multiple channels.
🇺🇸 US Banking giants are reportedly trying to disrupt Coinbase and Robinhood. These tactics, they argue, mirror a new form of “Operation Chokepoint” aimed at suppressing FinTech and crypto competition. Continue reading
🇮🇳 ICICI Bank will start charging payment platforms like Google Pay and PhonePe for UPI transactions. According to reports, ICICI Bank has informed PAs that those maintaining an escrow account with the bank will pay 2 basis points per transaction, capped at Rs. 6. For those without an escrow account at the bank, the fee will be 4 basis points, capped at Rs. 10 per transaction.
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