Home PEx Business and Careers Personal Investing and Money Management
COMMUNITY NOTICE: If you are having trouble in your account access, please do send us a message at [email protected] for assistance.

EWBC Komo Digital Bank

northkidnorthkid PEx Rookie ⭐


East West Banking Corporation (EastWest) announces its newest venture in the digital race with Komo – a fully digital bank. This makes EastWest the first local universal banking group in the Philippines to launch its own fully digital bank, as it adopts its Retail Banking strategy to the times.

Offered through its fully-owned subsidiary, EastWest Rural Bank, Komo is the first of its kind. It is backed by an established and trust-worthy local bank while paying an annual interest rate of 3% for its Digital Savings Account with no minimum balance.

Established in 1994, EastWest is one of the fast-growing banks and has been among the more profitable banks in the country.   This latest digital initiative is part of the Bank’s transformation program and commitment to keep innovating with changing customer needs and launching solutions that are seamless, secure, and reliable.

“Komo combines the best of two worlds: the convenience of modern digital banking backed by the security of a strong brick-and-mortar bank like EastWest.” Tony Moncupa, EastWest CEO, said.

He adds, “We see a digital future in banking. With Komo, our customers are sure to get the best that digital banking has to offer while being confident that their money is in good hands.”

“We would like to help accelerate digital banking adoption in the county. We hope that with Komo’s competitive rates, zero to minimal fees, and convenient platforms we can contribute to the effort.” Isabelle Yap, who leads the Komo Project said.

Last May 8, 2020, Komo received approval from Bangko Sentral ng Pilipinas (BSP) to launch its Digital Bank Services to the public. This marks the countdown to an anticipated product launch sometime in Q3 2020. With more details to be revealed soon, Komo is set to be a game-changer.

Be the first to get notified about the product launch by signing up through their website at https://www.komo.ph/countdown/.

Comments

  • reshiramreshiram PEx Influencer ⭐⭐⭐
    wow mukhang exciting to mukhang makiki-paggitgitan si eastwest sa immediate competitors nya (RCBC and Unionbank pati siguro CIMB and ING) haha. yung sa Unionbank sobrang ganda nga digital system nila pero ambaba naman ng interest and may charge pa??

    Pero ampangit ng Komo na name parang di pinag-isipan not enticing even to us millenials/gen z hahaha. parang nashortcut na nakuha mo na padala ko--> na-Komo mo na padala ko? ahaha baduy
  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited May 21
    Makikipag tagisan ba sila kay Unionbank at EonBankPh?

    dahil sa totoo lang ang dami na palang nagawa at natulungan ng UnionBank Fintech at blockchain technology nila? yun lang ang downside ng Unionbank dami nilang charges sa mga savings account nila lalo na sa withdrawal at annual fees. Hinde ka kikita sa UB dahil sila ang kikita sa iyo

    BlockChain din kaya gamit ng KOMO? Sana sumunod EastwestBank.

    KOMO parang FOMO?

  • nlzrtannlzrtan PExer
    Sana ang app and website nila hindi tulad ng EWB. Sana parang unionbank and citibank na ang bilis at ganda.
  • piquanteyepiquanteye Member PEx Expert 🎖️
    Well sana talaga dahil sa KOMO ang EastwestBank ang susunod na banko using Visa Blockchain. Tulad ng nangyari sa Eonbank na naglagay sa Unionbank sa fintech.
  • piquanteyepiquanteye Member PEx Expert 🎖️
    2nd Preferred bank daw ang Eastwest Bank dati ng mga freelancers dahil sa Visa. Though sana mas mapaganda pa ng Eastwest BlockChain Fintech.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file