#ownbank philippines

There's a new mobile bank in the Philippines called OwnBank. OwnBank, known as The Rural Bank of Cavite City, has been founded in 1956 and had a transformative shift to digital in 2021. The mobile bank is supported by almost every major bank and digital wallets available in the Philippines and they are partnered with PESONet and InstaPay. OwnBank claims that their top goal is keeping users safe, which is why they use multi-factor authentication, AI-driven security technologies, and strict compliance guidelines. Interested users can download the OwnBank application through the Google Play Store and Apple App Store. The rollout is part of ongoing efforts to modernize public transportation and encourage the use of digital payments in the Philippines. With this change, UnionBank joins other commercial banks in the Philippines that have also removed fees for real-time digital fund transfers. More banks in the Philippines have been removing InstaPay transfer fees as digital banking services continue to become more competitive. Read more in our articles including "OwnBank, a new mobile bank, offers 8% interest p.a" and "Samsung announces Galaxy Card".