In a groundbreaking move that promises to reshape the landscape of digital banking in the Philippines, CIMB Bank PH and Visa inked a significant partnership on September 5, 2023. The agreement was formally sealed by Vijay Manoharan, CEO of CIMB Bank Philippines, and Jeff Navarro, Visa’s Country Manager for the Philippines and Guam, alongside other key executives from both organizations.
This strategic alliance aims to redefine convenience and innovation in financial solutions for the Filipino populace. This synergy leverages CIMB Bank PH’s disruptive digital-first offerings and meshes them seamlessly with Visa’s expansive network of global merchants and cutting-edge technology.
CIMB Bank PH, a pioneer in digital banking solutions, currently boasts nearly half a million virtual and physical card customers. The bank is on a mission to elevate its debit products while also expanding Visa’s consumer reach through CIMB’s extensive following and partner networks. Visa will further sweeten the deal by offering CIMB customers exclusive discounts and perks when they transact with selected Visa merchants.
“We’re taking our commitment to financial inclusion and digital innovation up a notch, targeting to align with the Bangko Sentral ng Pilipinas’ agenda of achieving 50% digital retail transactions” asserted Vijay Manoharan.
Similarly, Jeff Navarro expressed optimism for this collaboration, stating, “By merging Visa’s global scale with CIMB Bank PH’s digital savvy, we’re set to deliver an unparalleled customer experience that will respond to the evolving demands of today’s consumers.”
The partnership couldn’t be better timed. CIMB Bank PH already has a robust customer base of over 7 million users and has been a leader in embedded banking. The bank’s ethos dovetails perfectly with Visa’s mission to improve lives globally through innovative payment solutions.
In summary, this strategic partnership between CIMB Bank PH and Visa is poised to substantially upgrade the payment experience for millions in the Philippines, setting a new standard for financial inclusion and digital convenience.
Good afternoon, it’s been 2 months since I made a bank card, but now I don’t have a pin number, the phone I’m using is 011623*****. Can I get some help? Thank you.