GoTyme Bank has added outbound international money transfers to its app, letting customers send money to more than 200 countries and territories directly through the GoTyme Bank app. The feature is called Send Money Abroad and it runs on Wise Platform’s global payments infrastructure.
The service supports transfers into eight currencies – AUD, CNY, GBP, EUR, JPY, KRW, SGD, and USD – with transparent fees, real exchange rates, and visibility into exactly how much the recipient will get before the sender confirms the transfer. No separate USD account nor branch visit are required.
The launch comes about seven months after GoTyme Bank first partnered with Wise. Since that partnership began last year, the bank has seen more than an 85% increase in unique users of its international payments feature, a figure both companies cited as evidence of pent-up demand for cross-border banking among Filipino customers.
OFWs send over US$38 billion annually to the Philippines, representing one of the largest remittance inflows worldwide. However, the cost of moving that money has long eaten into what families actually receive. According to Wise research, Filipino consumers lost approximately $170 million (roughly ₱9.74 billion) in 2024 alone due to hidden fees in international money transfers.
GoTyme Bank is also the first bank in the Philippines to allow customers to send transparent international payments at the mid-market exchange rate, according to Wise Platform.
Shern Teo, Chief Strategy & Proposition Officer at GoTyme Bank, tied the launch to a broader shift in how the bank’s customers live and work. “As our customers become increasingly global in how they live, work, study, and support their families, international banking needs are evolving alongside them,” Teo said. “Send Money Abroad is part of our broader commitment to making global financial services more accessible and integrated into the everyday banking experience, allowing customers to manage both local and international transactions seamlessly within one app.”
Samarth Bansal, APAC General Manager at Wise Platform, noted that GoTyme Bank is the first bank in the Philippines to change the trend of hidden charges and slow speeds that have long plagued SWIFT payments. “For 14 years, Wise has been building the best infrastructure in moving money across borders and it’s exciting to see our partner banks benefit from this infrastructure through Wise Platform,” Bansal said.
The feature is also open to foreign nationals living in the Philippines, who can open a GoTyme Bank account digitally and send money to their home countries within minutes.
GoTyme Bank is a digital bank regulated by the Bangko Sentral ng Pilipinas, backed by the Gokongwei Group and the multi-country digital banking group Tyme. It currently serves over 7.8 million customers. Send Money Abroad is live now on the GoTyme Bank app.
