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Digital banking may have been slow to arrive in the Philippines compared to its Asian neighbors, but things are changing fast. Consumer demand for innovative digital financial services is surging in the wake of economic recovery post-COVID 19 driven by a young, technophile base, leading to the rapid expansion of mobile payment platforms such as e-wallets and digital apps of traditional banks. ....
GoTyme Bank, Philippine interbank ATM and online banking network BancNet, and Visa, one of the world’s leaders in digital payments, formed a strategic partnership to address the need for convenient and accessible banking and digital payment solutions in the Philippines.