In the Philippines, SeaBank is said to be in the midst of a soft launch. Several customers have already signed up for the SeaBank app and have money or savings accounts that earn up to 6% p.a. in interest.
SeaBank Philippines has been quietly operating within the Shopee Philippines organization, with the SeaBank app being used by all of the company’s existing employees (Shopee is a subsidiary of Sea Group).
A handful of Shopee employees have also been seen discussing group training with SeaBank staff on social media. This trial run has also been confirmed by another Shopee source.
SeaBank is a mobile banking application for your daily financial needs. Earn more interest daily with attractive interest rates, while enjoying seamless transactions on your mobile phone anytime, anywhere.
SeaBank is a part of SeaMoney, the digital finance services arm of Sea Limited (NYSE:SE). Sea has been serving consumers since 2009 as a leading global consumer internet company. Sea’s other core businesses include Shopee, its e-commerce arm, and Garena, its digital entertainment arm. Sea’s mission is to improve the lives of consumers and small businesses with technology.
SeaBank may formally open its doors to Filipinos looking to open a new high-yield savings account once the restricted trial is over.
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