CIMB Bank Philippines teams up with G-Xchange for marketing of financial products

Aug 28, 2018Updated May 24, 20251 min read

CIMB Bank Philippines Inc has signed a memorandum of agreement with G-Xchange, Inc (GXI) for the purpose of creating and marketing financial products on the latter’s digital platform in the Philippines.

In a filing with Bursa Malaysia, CIMB Group Holdings Bhd said the agreement will be effective for three years from the signing date.

CIMB Bank Philippines is a foreign bank branch of CIMB Bank Bhd, a 99.99% subsidiary of CIMB Group Sdn Bhd, which in turn is a wholly owned subsidiary of CIMB Group Holdings.

GXI is a wholly owned subsidiary of Globe Fintech Innovations, Inc, which in turn is owned by Ant Financial, Ayala Corporation and Globe Telecom.

CIMB Group Holdings’ share price rose 0.67% or 4 sen to close at RM5.98 with 8.52 million shares traded on Friday.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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