All-digital mobile bank launches PH online presence
CIMB recently launched its online banking presence in the Philippines. CIMB Bank Philippines as it aspires
make banking simpler, more convenient and truly hassle-free.
Effendy Shahul Hamid, CEO of Group Ventures and Partnerships, CIMB Group said, “We are extremely pleased to begin serving customers in the Philippines. This completes CIMB’s operating footprint in Asean and we look forward to bringing a truly differentiated and digital proposition to the market. Internet and mobile penetration in the Philippines remains one of the highest in the world, a clear sign of the progressive and modern society we hope to serve.”
CIMB Bank Philippines is an all-digital mobile bank with headquarters at Bonifacio Global City in Taguig City. Vijay Manoharan, CEO of CIMB Philippines, shared details on how CIMB Philippines aims to provide a new banking experience for Filipinos. “Consumers of today and tomorrow need innovative
to their needs as well as help them get ahead and advance their financial well-being, but they don’t necessarily need a physical bank. By of- fering most of our products via the OCTO app secure- ly, we are offering the next-level any day, any time convenience for our customers by enabling them to effectively ‘carry’ our bank branch in the palm of their hands.”
To cater to those who want to really start preparing for what’s ahead and save for the future, CIMB Bank offers the Up- Save Account, which al- lows greater savings with its high in- terest rate o f 2 percent per annum.
CIMB Philippines’ retail banking convenience is powered by the OCTO app, which can be downloaded from the Apple App store or Google Play. Through this OCTO app, 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.
CIMB Philippines’ 8,000 merchant partners include 7-Eleven and DragonPay, both known for their convenient deposit, withdrawal, and payments touchpoints. The CIMB Bank VISA-powered Debit Card are accepted at any of the 20,000 Bancnet, VISA, and VISA Plus Automatic Teller Machine (“ATMs”) nationwide and two million VISA and VISA Plus ATMs worldwide.