Last September 2022, GoTyme Bank, Philippine interbank ATM and online banking network BancNet, and Visa, one of the world\u2019s leaders in digital payments, formed a strategic partnership to address the need for convenient and accessible banking and digital payment solutions in the Philippines.<\/p>\n\n\n\n
Visa\u2019s worldwide reach and expertise in digital payments, synergizing with BancNet\u2019s extensive nationwide and offshore coverage, together with GoTyme Bank and the Gokongwei brand\u2019s reputation, technology and understanding of the Philippines market, will offer consumers high quality banking to every Filipino, and an exciting and rewarding digital payment and money movement experience.<\/p>\n\n\n\n
This partnership launch coincided with the introduction of the GoTyme Visa ATM Debit Card that will be given out for free to all GoTyme Bank Account holders. This high-quality card will allow everyone to enjoy the benefits of Visa for transactions worldwide including withdrawals from any ATM when traveling outside of the country.<\/p>\n\n\n\n
Powered by BancNet, which is the Philippines\u2019 single ATM switch operator, the multi-bank, multi-channel electronic payments network will enable GoTyme cardholders to transact not only at automated teller machines (ATM) but also at point-of-sale (P.O.S.) terminals, the Internet and mobile phones to access a wide range of services through the different channels, including real-time fund transfers and payment of purchases by direct debit to account through InstaPay.<\/p>\n\n\n\n
The virtual and physical cards will have the same number and will be personalized with the cardholder\u2019s name. BancNet CEO Emmie Reyes says, \u201cWith this partnership, GoTyme will have access to the cutting-edge switch infrastructure that BancNet operates and which enables secure and reliable money transfers to other banks and e-wallets in real time, at any time. GoTyme customers will also be able to transact at over 24,000 ATMs and more than 480,000 POS terminals nationwide.\u201d<\/p>\n\n\n\n
Initially, consumers who download the GoTyme app will be able to generate a Visa-powered virtual card for free that they can use to make digital payments and other related transactions, with more exciting solutions and benefits in the pipeline. This easy process for onboarding will offer safer, better and varied options for their banking and payments needs including instant access to banking and payments platforms through the Visa debit card. The personalized cards will be issued in real time through GoTyme Bank. These can be used for ecommerce and the physical card can also be used for transactions here and abroad.<\/p>\n","protected":false},"excerpt":{"rendered":"
Last September 2022, GoTyme Bank, Philippine interbank ATM and online banking network BancNet, and Visa, one of the world\u2019s leaders in digital payments, formed a strategic partnership to address the need for convenient and accessible banking and digital payment solutions in the Philippines. Visa\u2019s worldwide reach and expertise in digital payments, synergizing with BancNet\u2019s extensive […]<\/p>\n","protected":false},"author":4,"featured_media":2388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\n