#ING closing

ING has announced that it has decided to exit the retail banking market in the Philippines before the end of 2022 but will continue its Wholesale Banking business and global shared services operations in the country. According to ING, the "uncertain global macro situation in the last few years" led the company to decide not to expand activities to other countries. ING assures its customers that their money is safe and is readily accessible during this time. There will be no change to customers' ING accounts but will inform them of any changes that will impact the accounts via the ING app and SMS. ING Philippines debuted in the country in 2019, calling itself the first fully digital retail bank in the Philippines. GoTyme Bank has launched a new stock trading feature in its mobile app, allowing users to buy and sell shares listed on the Philippine Stock Exchange. With PH Stocks, users can trade directly inside the GoTyme app without using a separate platform. They can fund trades using their bank balance, place orders even outside trading hours, and withdraw earnings within the same app. Read more in our articles including "ING to exit retail banking market in the Philippines" and "GoTyme partners with DragonFi for Stock Trading feature".