Tag "TONIK"

Tonik Introduces ‘Luv Stash’, a Savings Product for Couples to Earn 4.5% Interest

Following Valentine’s Day last week, Tonik Digital Bank has recently unveiled ‘Luv Stash,’ a novel savings product. This facility stands out in the market by allowing two individuals to jointly save whilst earning an interest rate of 4.5%. The idea

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Tonik and Xendit Collaboration to Grow Digital Banking Payment Options

Tonik Digital Bank and the Southeast Asian payment gateway Xendit have announced a new strategic partnership, set to enhance the range of financial services available to Tonik consumers by introducing secure and convenient options for managing financial transactions. Starting from

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Maria Pineda Takes Helm as New Chair of Tonik Digital Bank’s Board

Tonik Digital Bank, Inc. has recently appointed Maria Lourdes “Long” Pineda as the non-executive Chair of its Board of Directors. Maria, with a background in financial inclusion and banking, was previously the President of Tonik since 2019. Her career, spanning

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Tonik Upgrades Loan Offering to Cater to SMEs

Tonik Digital Bank recently updated its Big Loan product, aiming to address a broader range of financial requirements for small businesses in the Philippines. This enhancement is part of Tonik’s efforts to support the growing needs of small and medium

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Fintech in the Philippines: 2023 in Review

The fintech space in the Philippines has been growing rapidly in 2023, with several developments that have shaped the industry and the country’s financial inclusion. The fintech sector in the Philippines witnessed significant growth in 2023 which reflects the country’s

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Tonik Rolls Out Insurance Product for Loan Borrowers

Philippines’ digital bank Tonik has tied up with life insurance company Sun Life Grepa Financial to launch Payhinga, an inclusive insurance product for loan borrowers. Payhinga will complement Tonik’s existing loan offerings and will be readily available to customers applying

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Tonik Strengthens Finastra Partnership as It Surpasses 1 Million Users

Philippines’ digital bank Tonik announced that it has renewed its partnership with financial services software and cloud solutions provider Finastra. Through this partnership, Finastra’s Essence core banking platform will continue to power Tonik’s end-to-end banking operations. Essence is cloud-enabled and

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Tonik Surpasses One Million Customers Since Launch

Philippines’ digital bank Tonik announced that it has onboarded over one million customers since its inception. Tonik said that its seamless onboarding process, wide range of financial products, and innovative services have played a significant role in driving its growth.

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Tonik Set to Offer Payroll-Enabled Financial Services With TendoPay Acquisition

Tonik Financial, the parent company of digital bank Tonik, announced that it has inked an agreement to acquire the Philippines’ business of fintech firm Tendo Payment Solutions for an undisclosed sum. The deal is subject to the approval of relevant

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Tonik Users Can Now Pay Their Bills Seamlessly via the BillsPay Feature

Philippines’ digital bank Tonik has enabled the BillsPay feature for its users to seamlessly pay their bills on time via its app through a partnership with Bayad, a multi-channel payment platform in the country. Users can now settle their dues

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