k9win Chavit Singson launches own digital bank, eyes 20M users

Former Ilocos Sur governor Chavit Singson held a soft launch of his own digital bank, with the ex-politician and senator aspirant targeting 20 million local users.

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Singson unveiled the digital banking platform VBank in a bid to revolutionize financial inclusion in the country.

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“This is not just about banking. It’s about giving every Filipino the tools to participate in our economy,” Singson said in a statement.

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“VBank makes it possible for anyone, regardless of location, to access essential financial services,” he said further.

READ: Chavit Singson supports Kalinga Apayao with innovative initiatives

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With VBank, people looking to have an account can open one entirely through the app, eliminating the need for tedious paperwork and long queues according to the company.

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Users will also be able to send money to all banks and digital wallets, as well as pay bills, and purchase mobile phone loads.

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“VBank has over 6,000 cash-in outlets nationwide, following its partnership with Tambunting Pawnshop, Puregold, and Alfamart, ensuring a seamless transaction even for those in remote areas,” he added.

During the launch, Singson also announced a 58-day raffle promo aimed at enticing and engaging more users, as well as spreading awareness of the new digital banking platform.

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At the said VBank soft launch, 58 winners took home ₱5,800, with one winner taking home ₱58,000 daily.

A grand prize of ₱580,000 also awaits one winner on the 58th day.

To join, users simply need to download the VBank app, create an account, and follow Singson’s official Facebook page for updates.

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According to the Bangko Sentral ng Pilipinas (BSP), nearly 77 percent of Filipinos remain unbanked, relying on informal and often unreliable financial systems.

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VBank said it aims to bridge this gap by providing a securek9win, user-friendly platform tailored to the needs of everyday Filipinos.

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