EastWest officially launches Komo digital banking app

An all-in-one banking solution for the digital times

EastWest has officially launched its fully digital banking app called Komo, where one can earn high-interest rates in savings, as well as use it for all-around purchases offline and online.

The bank offers the following features as you register and have an account officially verified:

  • High-interest rates compared to banks: By default, Komo users can enjoy a 2.5% interest rate per annum when they save their money in the app. Do note that the rate will decrease in accounts over PHP 500,000.
  • Cash-in convenience: Aside from cashing in at EastWest and EastWest Rural Banks nationwide, users can also deposit to their account using online banking in-app and InstaPay from other financial institutions and digital wallets/banks.
  • Personal goals: Komo will help you achieve your set savings goals by notifying you of pre-set savings target achievements.
  • A physical card you can use: Komo also offers a prepaid VISA debit card that can be linked to their app for more offline features such as ATM withdrawals and purchase in offline and online merchants. Another perk: FREE ATM withdrawals with EastWest ATMs nationwide.
  • Pay bills and services: Users can also pay their bills in the app including loans, government b, electricity, cable/Internet, credit card, telecoms, and transportation. They can also purchase other services such as insurance plans, pay school tuition, and donate to charities and foundations.
  • Security heavy: The app offers notifications tied to your mobile number whenever a transaction is made. There’s also a PIN for opening the app, and you can link to your phone’s biometrics for added security. In addition, you can also control your linked Komo card such as doing a PIN reset and temporarily locking it.

Komo also targets to launch a loan service, which will come soon in the app.

You can now download the Komo app online via the Apple App store, Google Play store, and Huawei AppGallery.

Carl Lamiel
Carl writes for WalasTech when he's not working full-time. Give him tips and/or leads at [email protected]