InstaPay Transfers now available for free, up to 20 per month, through GoTyme's services.
In a move to enhance its service offerings and better cater to the everyday financial activities of its growing user base, GoTyme Bank has announced a new policy offering 20 free InstaPay transfers per month to all customers.
Launched in 2022, GoTyme Bank has rapidly expanded its operations, now serving approximately 5.5 million customers across the Philippines. The bank's strategic goal is to remain competitive in the Philippines' rapidly evolving digital banking sector.
Under the new policy, customers can enjoy free InstaPay transfers resetting at the beginning of each calendar month. This initiative provides a notable alternative to the standard transaction fees of PHP 15.00 to PHP 25.00 typically charged by traditional banks and other e-wallets for InstaPay services.
In addition to the free transfers, customers of GoTyme Bank have the option to pay for the reduced fee using their GoRewards points. By offering reduced fees and the option to use GoRewards points, GoTyme Bank aims to improve its service offerings for its growing user base.
Irene Lee, the CEO of GoTyme Bank, commented, "We are committed to providing our customers with the best possible banking experience. By reducing the costs associated with frequent, small-value transactions, we aim to make banking more accessible and affordable for everyone."
The introduction of this feature is part of GoTyme Bank's efforts to improve its service offerings and remains part of the latest news in Fintech Philippines. GoTyme Bank's operations have expanded rapidly, now serving millions of customers across the country. The free InstaPay transfers offered by GoTyme Bank are available for users to utilize.
The bank's new initiative is part of its strategic goal to remain competitive in the Philippines' digital banking sector. GoTyme Bank's new policy provides a significant advantage for its customers in terms of cost savings on InstaPay transactions.
The featured image for this article was edited by a brand name based on an image by faiz ch via Freepik.
Please note that any transaction beyond 20 free transfers will be charged a reduced fee of PHP 9.00.
Stay tuned for more updates from GoTyme Bank and the Philippines' digital banking sector.
Read also:
- visionary women of WearCheck spearheading technological advancements and catalyzing transformations
- A continuous command instructing an entity to halts all actions, repeated numerous times.
- Oxidative Stress in Sperm Abnormalities: Impact of Reactive Oxygen Species (ROS) on Sperm Harm
- Genetically manipulated rabbits sprout ominous black horns on their heads
