Download EON: Android | iOS KOMO EastWest Bank's subsidiary, KOMO, is a fully digital bank with no physical branches. KOMO is a shortened version of the Filipino phrase “Kontrol mo ang pera mo, “giving simplified process and financial flexibility to its customers. Download KOMO: Android | iOS OFBank The Philippine government, spearheaded by the Department of Finance (DOF) and the Land Bank of the Philippines (LANDBANK), has launched the Overseas Filipino Bank (OFBank) as a digital-only, first branchless Philippine government bank that let clients complete banking transactions across the globe. East West Banking Corporation (EastWest) introduces its first local digital bank, Komo. Earlier this month, Komo received approval from Bangko Sentral ng Pilipinas (BSP) to launch its digital bank services to the public. Operating under EastWest Rural Bank, Komo offers an annual interest rate of 3% for its Digital Savings Account with no minimum balance. Tony Moncupa, EastWest CEO, said: "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." Komo's mobile app is scheduled to launch around the third quarter of 2020. To keep updated with Komo, you may visit its official website. Read more in our articles including "Digital Banks in the Philippines Interest Rates" and "Digital Banks in the Philippines".
Digital banks play a big role nowadays, particularly during this pandemic. With the digital banks…
Apr 15, 2021
We are now on the road to pandemic year two, and going out is still…
Mar 30, 2021
East West Banking Corporation (EastWest) introduces its first local digital bank, Komo. Earlier this month,…
May 21, 2020
The Bureau of Internal Revenue (BIR) released a new memorandum announcing the availability of the…
May 26, 2026
Earlier this week, the Deepartment of Trade and Industry has released a proposal to require…
May 23, 2026
Bank of the Philippine Islands (BPI) has partnered with Robinsons Retail Holdings, Inc. (RRHI) to…
May 8, 2026Download EON: Android | iOS KOMO EastWest Bank's subsidiary, KOMO, is a fully digital bank with no physical branches. KOMO is a shortened version of the Filipino phrase “Kontrol mo ang pera mo, “giving simplified process and financial flexibility to its customers.
Download KOMO: Android | iOS OFBank The Philippine government, spearheaded by the Department of Finance (DOF) and the Land Bank of the Philippines (LANDBANK), has launched the Overseas Filipino Bank (OFBank) as a digital-only, first branchless Philippine government bank that let clients complete banking transactions across the globe. East West Banking Corporation (EastWest) introduces its first local digital bank, Komo. Earlier this month, Komo received approval from Bangko Sentral ng Pilipinas (BSP) to launch its digital bank services to the public.
Our coverage of Komo includes: "Digital Banks in the Philippines Interest Rates"; "Digital Banks in the Philippines"; "EastWest launches first local digital bank Komo". Each article provides unique insights and information.