CIMB Bank Philippines
CIMB Bank Philippines is a fully digital, branchless thrift bank regulated by the BSP and owned by Malaysian CIMB Group. It offers savings, credit, and payments products to Filipino consumers, OFWs, SMEs, and affluent customers via its app and embedded partnerships with GCash and Lazada.
- Company typePrivate
- Founded2018
- HeadquartersTaguig, Philippines
- Headcount251–500
- GTM typeB2C
- OfferingServices
What CIMB Bank Philippines does
CIMB Bank Philippines, Inc. is a fully digital, branchless thrift bank and a wholly-owned subsidiary of Malaysian CIMB Group Holdings Berhad, headquartered in Taguig City, Philippines. Regulated by the Bangko Sentral ng Pilipinas (BSP) and serving Filipino retail consumers, overseas Filipino workers, gig workers, retail traders, small businesses, and an emerging affluent segment, the bank operates with no physical branches and conducts onboarding, servicing, and transactions entirely through its mobile application. Leadership includes CEO Vijay Manoharan and CMO D'Artagnan Aguilar, with a lean organization of 251-500 employees.
CIMB Bank Philippines firmographics
Firmographics- Name
- CIMB Bank Philippines
- Legal name
- CIMB Bank Philippines, Inc.
- Website
- https://cimbbank.com.ph
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- CIMB Bank Philippines is a fully digital, branchless thrift bank regulated by the BSP and owned by Malaysian CIMB Group. It offers savings, credit, and payments products to Filipino consumers, OFWs, SMEs, and affluent customers via its app and embedded partnerships with GCash and Lazada.
- Ownership category
- akta.pro rank
CIMB Bank Philippines industry classification
Industry- Product category
- Digital Retail Banking
- NAICS
- Commercial Banking (522110), Credit Card Issuing (52221), Credit Intermediation and Related Activities (522)
- SIC
- National Commercial Banks (6021), Personal Credit Institutions (6141), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Digital Retail Banking (Online & Mobile) (FSABAAAF)
- akta.pro secondary industries
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Virtual / Digital-First Credit Cards (FSAKABAK), BNPL Card / Virtual Card Programs (FSAKACAC), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)
Keywords
Where CIMB Bank Philippines is headquartered
LocationHeadquarters
- HQ city
- Taguig
- HQ country
- Philippines
- HQ region
- Asia
Offices1 record
Markets served
CIMB Bank Philippines business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others
Revenue model
- Net Interest Income from Lending Products: CIMB Bank PH earns primarily through net interest income generated from its credit products including REVI Credit (revolving credit line up to PHP 250,000), Personal Loans (up to PHP 1 million), GLoan (up to PHP 125,000, repayable up to 24 months), GCredit, SPayLater, and Lazada PayLater. Interest is charged on outstanding balances and revolving credit drawdowns.
- Deposit Interest Rate Spread: The bank accepts deposits (UpSave, GSave, DragonFi Save, Fast Plus, LazSave, MaxSave, CIMB Prime, CIMB Grow) and uses the spread between borrowing (deposit) rates and lending rates as a primary revenue driver. Interest paid to depositors (up to 4.65% p.a. for CIMB Prime in promotional periods) is offset by higher-yielding loan products.
- Card Interchange and Transaction Fees: The CIMB Virtual Debit Card (VISA-enabled) generates interchange fee revenue from online transactions and merchant payments. CIMB Pay QR transactions generate fee income from merchant settlements. Free transfers are capped at 2 free InstaPay transfers daily under CIMB Pay.
- Remittance Processing Fees: CIMB earns fee income from processing inbound remittances from international providers (Western Union, WorldRemit, Wise, Revolut, Ria, Remitly). Receiving remittances to CIMB accounts is described as free for cash pick-up, but sending/sending-related services may generate fees.
- Partnership and Ecosystem Revenue (BaaS): CIMB Bank PH serves as the underlying banking provider for embedded finance products on partner platforms — GCash (GSave, GCredit), Lazada (LazSave, Lazada PayLater), and DragonFi. Revenue is earned through interest on loans originated via these channels and account maintenance fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | UpSave and GSave Base Interest Rate: 2.30% p.a. |
| Subscription | Monthly | CIMB Prime Base Interest Rate: 2.80% p.a. |
| Subscription | Monthly | Promotional Interest Boost: Up to +1.85% p.a. additional interest |
| Subscription | Monthly | Maximum Promotional Interest Rate: 4.65% p.a. (CIMB Prime) |
| Other | Pay-as-you-go | Interest Rate Comparison vs. Traditional Banks |
| Subscription | Monthly | Personal Loan: Zero Processing Fee, Zero Early Settlement Fee |
| Usage-based | Monthly | REVI Credit: Zero Annual Fees |
| Usage-based | Pay-as-you-go | CIMB Pay Transfers: 2 Free InstaPay Daily |
| One time/ perpetual license | Pay-as-you-go | Virtual Debit Card: Free to Avail, PHP 50 Replacement Fee |
| Freemium | Pay-as-you-go | Bill Payments: Zero Fees |
| Freemium | Pay-as-you-go | Buy Load: Zero Fees |
| Freemium | Pay-as-you-go | Remittance Receiving: Free (Cash Pick-up to CIMB Account) |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
CIMB Bank Philippines product offering
Product offeringCore offering
CIMB Bank Philippines is a fully digital, branchless bank that delivers retail financial services including high-interest savings, personal loans, revolving credit, QR-based payments, bill payments, and international remittance through its mobile banking app. Its core saving products include UpSave, GSave, MaxSave, and the exclusive CIMB Grow; credit products include REVI Credit, Personal Loans, GLoan, and Lazada PayLater. The bank also serves as the underlying banking infrastructure for embedded finance products distributed within the GCash, Lazada, and DragonFi platforms.
Product overview
CIMB Bank Philippines operates as a digital-first bank offering a comprehensive suite of financial products delivered primarily through its mobile banking application. The product portfolio spans three core categories: Save (deposit and savings accounts), Borrow (loans and credit products), and Pay (payments and fund transfers). Key savings products include GSave, UpSave, DragonFi Save, Fast Plus, LazSave, MaxSave, and the exclusive CIMB Grow. Borrowing products include GCredit, GLoan, Lazada PayLater, Personal Loans, REVI Credit, and SPayLater. Payment products include CIMB Virtual Debit Card and CIMB Pay. The CIMB Bank PH App serves as the unified platform powering all products, complemented by supplementary features such as Own My Goals (OMG!) for savings goal tracking, Buy Load, Pay Bills, and Remittance services. The bank also partners with GCash (GSave), Lazada (LazSave/Lazada PayLater), and Visa to extend its reach, and integrates with QR Ph, InstaPay, and international remittance networks for payments and transfers.
Differentiator
Problem solved
Functional benefit
Brands
- GSave Account: A savings account product powered by CIMB Bank, integrated with GCash for formal savings access.
- UpSave Account
- DragonFi Save
- LazSave
- REVI Credit
- GCredit
- GLoan
- CIMB Pay
- CIMB Virtual Debit Card
- CIMB Grow
- CIMB Prime
Products and services
- UpSave Account A high-interest savings account offered to retail customers with zero fees and competitive interest rates, accessible through the CIMB Bank PH mobile app, designed to help customers reach their savings goals.
- GSave Account A savings account powered by CIMB Bank and integrated with GCash's GSave feature, providing GCash users with formal savings access and competitive interest rates within the GCash e-wallet ecosystem.
- CIMB Grow An exclusive, invitation-only savings account designed for customers seeking to elevate their wealth with premium banking features and elevated interest rates.
- DragonFi Save The Philippines' first in-app savings product, built into the DragonFi app and powered by CIMB Bank PH, targeting active traders with fast and smart savings features.
- Fast Plus Account A savings account providing quick, convenient access to funds with the ability to withdraw through a Visa debit card and make seamless payments for shopping and dining.
- LazSave powered by CIMB A savings account offered in partnership with Lazada that enables customers to save smarter, shop better, and get rewarded inside the Lazada e-commerce ecosystem.
- MaxSave Time Deposit A time deposit account with flexible terms designed to maximize savings through higher interest rates, subject to a defined lock-in period.
- Personal Loan A digital personal loan product offering amounts up to PHP 1 million with zero processing fee, no early settlement fee, and initial approval within 10 minutes, available through the CIMB Bank PH mobile app with one valid ID and one payslip.
- REVI Credit A first-of-its-kind all-in-one revolving credit line providing access to credit up to PHP 250,000 with zero annual fees; customers can use it to buy load, pay bills, convert a portion to cash, or convert it to a term loan.
- GLoan A fast, collateral-free loan product integrated with GCash, repayable up to 24 months with a loan amount of up to PHP 125,000 and powered by CIMB Bank PH.
- GCredit An instant credit product for GCash wallet users, offering fast approvals and flexible installment options, powered by CIMB Bank PH.
- Lazada PayLater powered by CIMB A buy-now-pay-later (BNPL) service integrated with Lazada that allows customers to purchase on the Lazada platform and pay later at low or no interest, powered by CIMB Bank.
- SPayLater A buy-now-pay-later product providing financial flexibility and access to credit for purchases and payments.
- CIMB Virtual Debit Card A Visa-enabled virtual debit card linked to a CIMB savings account, designed for safe and secure online spending; available free of charge with no issuance fee and PHP 50 replacement fee.
- CIMB Pay A QR-code-based payment and fund transfer feature within the CIMB Bank PH app powered by QR Ph, enabling users to pay at over 1 million QR Ph-ready merchants nationwide, transfer funds to anyone with zero fees (capped at 2 free InstaPay transfers daily), and pay bills by scanning QR codes.
- Bill Payments Service A bill payment service within the CIMB Bank PH app allowing users to pay over 60 billers across 12 industries — including utilities, telco, credit cards, insurance, government, and education — with zero fees, processed real-time for bills paid before 8:00 PM.
- Buy Load Service A mobile load top-up feature within the CIMB Bank PH app enabling users to purchase airtime credits with zero additional fees.
- Remittance Services International and domestic money transfer service enabling users to send and receive funds globally via partners including Western Union, WorldRemit, Wise, Revolut, Ria, and Remitly, with real-time crediting to CIMB accounts via InstaPay/PESONet and free cash pick-up receiving up to PHP 50,000 per transfer.
- Visa Business Debit Card for SMEs A Visa business debit card co-developed with Visa for SME/MSME customers, linked to a high-interest business savings account, offering zero fees, free transfers, and other business banking benefits.
Quantifiable outcome
- Up to 4.65% p.a. interest rate (CIMB Prime, promotional period) vs. traditional banks at 0.01%–1% p.a.
- +5 more outcomes
Companies that use CIMB Bank Philippines
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
CIMB Bank Philippines technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability7 records
Feature6 records
CIMB Bank Philippines partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- VisacoreCIMB Bank Philippines and Visa partnered to launch a new Visa business debit card aimed at SMEs, rolled out in Q3 2025. The card is linked to a high-interest business savings account and offers zero fees, free transfers, and other benefits. This partnership enables CIMB to offer card-based payments and online transactions for SME customers.
- GCashcoreCIMB Bank PH powers GSave (formal savings access) and GCredit (instant credit for GCash wallet) on the GCash platform. This is a flagship embedded banking partnership that gives CIMB access to millions of GCash users seeking savings products with higher interest rates than traditional banks. The collaboration is highlighted as a model of the collaborative fintech ecosystem in the Philippines.
- Western UnioncoreWestern Union is a remittance provider enabling international fund transfers to be received directly into CIMB Bank PH accounts. OFW senders abroad use Western Union to transfer money to recipients who receive funds into their CIMB savings accounts.
- WorldRemitcoreWorldRemit is a digital remittance provider allowing international money transfers to be credited directly to CIMB Bank PH accounts. Recipients can receive funds in real-time via InstaPay/PESONet.
- Wise (formerly TransferWise)coreWise enables international transfers to CIMB Bank PH accounts. Transfers are credited directly to CIMB accounts for Philippine recipients.
- RevolutcoreRevolut supports international money transfers to CIMB Bank PH accounts, enabling global remittances to CIMB savings account holders in the Philippines.
- RiacoreRia is a remittance service provider with physical centers, enabling OFWs to send cash pick-up remittances to CIMB Bank PH account holders. Reference number-based transfers via the CIMB app.
- RemitlycoreRemitly is a digital-only remittance provider enabling transfers to CIMB Bank PH accounts. Transfers are credited in real-time. Reference numbers expire after 90 days if unclaimed.
- CORA (Communities Organized for Resource Allocation)minorCIMB Bank PH partnered with CORA to open CIMB Bank PH accounts for participants in CORA's 'Eco-Ikot Center Champions' program, providing financial literacy sessions and one-on-one support from CIMB volunteers. CIMB also partnered with CORA for mangrove reforestation initiatives to support coastal communities.
- Gawad Kalinga (GK)minorCIMB Bank PH partnered with Gawad Kalinga to support the training of workers at TamBayani Cafe — a livelihood initiative for approximately 220 families — empowering a countryside community with sustainable income sources.
- Bangko Sentral ng Pilipinas (BSP)coreBSP is the central bank regulator that enables CIMB's digital banking operations, issued Open Finance initiatives with standardized APIs, and established the QR Ph national QR standard (supervised by BSP) that powers CIMB Pay. BSP's regulatory framework directly enables CIMB's digital-first banking model.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
CIMB Bank Philippines competitors and assessment
Company assessmentDirect peers
- Kakao Bank: Kakao Bank is a South Korea digital-first bank built on the KakaoTalk super-app ecosystem, offering savings, lending and payments with mobile-only onboarding. Closely comparable model to CIMB's embedded, app-led digital banking proposition.
- Maya Bank: Maya Bank is the digital-only banking arm of Maya (formerly PayMaya), the Philippines' other dominant e-wallet. It is the closest direct competitor — same market, similar app-led retail/SME digital bank proposition, and explicitly a threat to CIMB's GCash partnership.
- Tonik Digital Bank: Tonik is a Philippines-licensed digital-only bank offering deposit, loan and payments products entirely via mobile app, often with high promotional deposit rates. Direct in-market competitor for CIMB's branchless retail banking model.
- SeaBank Indonesia: SeaBank is the embedded digital bank within Shopee/Sea Group in Indonesia, offering savings and credit to e-commerce and gaming users. Highly comparable to CIMB's embedded banking model on Lazada and DragonFi.
- Jenius (Bank BTPN, SMBC): Jenius is the digital-only banking app of Bank BTPN (SMBC group) in Indonesia, offering mobile-first savings, payments and credit. Closely mirrors CIMB's app-led, no-branch digital retail and SME proposition in a neighbouring ASEAN market.
- Kredivo: Kredivo is an Indonesia-headquartered digital credit/BNPL provider serving underbanked consumers across SEA with AI-driven underwriting. Overlaps with CIMB's REVI Credit, GLoan and Lazada PayLater consumer-credit proposition.
Broad incumbents
- BDO Unibank: BDO is the largest Philippine bank by assets, with the country's broadest branch and digital network. Functions as a broad incumbent that CIMB must compete against for retail deposits, SME banking and remittance flows.
- WeBank: WeBank is China's largest digital-only bank (backed by Tencent), serving WeChat users with savings, credit and embedded finance at very large scale. Comparable as a digital-only micro-bank with embedded distribution, though at a much larger scale.
Emerging players
- BillEase (Fuse Lending): BillEase is a Philippines-based BNPL and personal credit fintech, partially owned by Ergo. It competes with CIMB's SPayLater, Lazada PayLater and Personal Loans for underbanked Filipino consumers online and in-store.
- Akulaku: Akulaku is a SEA-focused BNPL and digital credit platform active in Indonesia and the Philippines. Comparable to CIMB's Lazada PayLater and REVI Credit in targeting thin-file consumers with app-based instalment credit.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
CIMB Bank Philippines social profiles
Digital presenceCIMB Bank Philippines compliance and trust
Trust signalCompliance4 records
CIMB Bank Philippines financial estimates
Financial estimateRevenue estimate
Valuation estimate
CIMB Bank Philippines leadership team
Management profileNumber of profiles
Profiles2 records
CIMB Bank Philippines funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CIMB Bank Philippines M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CIMB Bank Philippines
What does CIMB Bank Philippines do?
CIMB Bank Philippines is a fully digital, branchless bank that delivers retail financial services including high-interest savings, personal loans, revolving credit, QR-based payments, bill payments, and international remittance through its mobile banking app. Its core saving products include UpSave, GSave, MaxSave, and the exclusive CIMB Grow; credit products include REVI Credit, Personal Loans, GLoan, and Lazada PayLater. The bank also serves as the underlying banking infrastructure for embedded finance products distributed within the GCash, Lazada, and DragonFi platforms.
Is CIMB Bank Philippines a public or private company?
CIMB Bank Philippines is a private company. It is classified as corporate owned and is currently operating.
When was CIMB Bank Philippines founded?
CIMB Bank Philippines was founded in 2018. It employs 251 to 500 people.
Where is CIMB Bank Philippines based?
CIMB Bank Philippines is headquartered in Taguig, Philippines, in the Asia region.
How does CIMB Bank Philippines make money?
Five revenue lines are on record. Net Interest Income from Lending Products are the primary driver. The others are deposit Interest Rate Spread, card Interchange and Transaction Fees, remittance Processing Fees and partnership and Ecosystem Revenue (BaaS).
Who are CIMB Bank Philippines's main competitors?
Direct peers on record are Kakao Bank, Maya Bank, Tonik Digital Bank, SeaBank Indonesia, Jenius (Bank BTPN, SMBC) and Kredivo. Broad incumbents are BDO Unibank and WeBank. Emerging players are BillEase (Fuse Lending) and Akulaku.
Does CIMB Bank Philippines have an API?
No public API is recorded for CIMB Bank Philippines.
What industry is CIMB Bank Philippines in?
CIMB Bank Philippines's product category is Digital Retail Banking. Its primary akta.pro industry code is FSABAAAF, Digital Retail Banking (Online & Mobile), with a secondary code of FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure. Its NAICS code is 522110 and its SIC code is 6021.