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ING launches digital platform in Philippines

Dutch banking behemoth ING has entered into retailing banking sphere in the Philippines, setting up an all-digital platform and offering attractive deposit rates and several customer friendly features. ING had been in the Philippines for over 20 years. ING’s country manager Hans Sicat said at the launch of the digital platform that the Philippines is on the road to become an upper middle income economy and Filipinos have more disposable income and ING wants to encourage more Filipinos to save by giving an attractive interest rate of 2.5% per annum with no minimum amount and no lock-in period. ING’s local mobile banking platform had gone live in 2018 but since then fine-tuned to incorporate customer feedback prior to this grand launch.

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