Philippines neobank Tonik announced that it has tied up with PESONet to enable safe and secure electronic fund transfers to its account from other banks.
Tonik users are now able to transfer funds from a PESONet participating bank to their accounts.
This service is initially available via RCBC, Landbank, PSBank and CIMB, with other PESONet member banks expected to add the service in the coming months.
In line with this, interbank transfer services via PESONet will be available with more banks in the coming weeks.
The announcement comes at the heels of Tonik’s official launch in March 2021. The neobank claims it secured over 1 billion pesos (US$ 20 million) in retail deposits in under 1 month.
Tonik added that it has plans to launch its loan offers and further expand its payment options in the coming months.
Greg Krasnov
Greg Krasnov, CEO and Founder of Tonik said,
“The response we got when we introduced the app last month was overwhelmingly positive. It’s a testament to the fact that Filipinos are thirsty for a financial enabler that cuts the red tape, makes banking less complicated, and lets their hard-earned money work better for their future.
Allowing easier and bigger interbank transfers to Tonik accounts through PESONet is just one of several features that we are introducing in our app that I’m sure will make our customers love us more.”
Long Pineda
Long Pineda from Tonik said,
“This is another chapter in our journey of growth and driving financial inclusion in the local banking industry.
By making in-demand banking transactions such as interbank transfers safer and more seamless with PESONet, we hope to encourage more Filipinos to manage and maximize their finances with Tonik in the #neonormal.”
