BPI to exit PH digital lender GoTyme Bank for $16m

BPI to exit PH digital lender GoTyme Bank for $16m

Manila, Philippines. Photo: David Milmont/unsplash

Bank of the Philippine Islands (BPI), the banking arm of the Zobel de Ayala family, is selling its entire stake in GoTyme Bank, the digital banking venture of conglomerate JG Summit Holdings and South Africa’s Tyme.

Edited by: Joymitra Rai