Transfers to Tonik now available via PESONet

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Copyright 2021 PR Newswire. All rights reserved
2021-04-27

Manila, Philippines, April 27, 2021 / PRNewswire / – The Philippines’ first neobank Tonik intensifies the convenient banking features of its revolutionary app by partnering with PESONet to enable safe and secure electronic fund transfers to the Tonik account from other banks. The announcement follows Tonikvery successful public launch of March 2021, who saw him secure 1 billion pesos (US $ 20 million) in retail depots in less than a month – a historic record for any new bank launching in The Philippines.

Tonik logo

Tonik users can now transfer funds from a participating bank to PESONet to their accounts. This service is initially available through RCBC, Landbank, PSBank and CIMB, and other PESONet member banks are expected to add the service in the coming months.

“The response we received when we launched the app last month has been overwhelmingly positive. This is a testament to the fact that Filipinos crave a financial catalyst that cuts paperwork, simplifies banking operations, and makes their hard-earned money run better. for their future, “said Tonik CEO and founder Greg Krasnov. “Allow easier and larger interbank transfers to Tonik accounts through PESONet is just one of the many features that we are introducing into our app that I’m sure will make our customers like us more. “

Long Pineda, President of Tonik Digital Bank, Inc, TonikThe company’s regulated banking subsidiary shares its enthusiasm for this development: “This is another chapter in our journey of growth and promotion of financial inclusion in the local banking sector. By making on-demand banking transactions such as interbank transfers safer and smoother with PESONet, we hope to encourage more Filipinos to manage and maximize their finances with Tonik in the #neonormal. “

With this in mind, interbank transfer services via PESONet will be available with more banks in the coming weeks. In addition, the neobank plans to launch its loan offers and further expand its payment options in the coming months. Customers are encouraged to keep abreast of the latest developments in Tonik via their mobile application, their official website and Facebook page.

Tonik mission is to revolutionize the way money works with a new all-digital banking mode running on a highly secure digital banking platform. The neobank offers accessible, flexible and inclusive financial services, including peak deposit interest rates of up to 6% per annum, and unique savings features such as its Solo Stash and Group Stash products, as well as term deposits.

Tonik is supervised by the Bangko Sentral ng Pilipinas (BSP) and deposits are insured by the Philippine Deposit Insurance Corporation (PDIC). Its unique cloud-based solution is powered by global financial technology leaders such as Mastercard, Amazon Web Services and Finastra.

Learn more about this story and other updates from TonikGoing through http://tonikbank.com.

About Tonik

Tonik is the first exclusively digital neobank in The Philippines , providing deposit, payment and card products to consumers on a highly secure digital banking platform. The neobank operates on the basis of its own banking license issued by the Bangko Sentral ng Pilipinas. Tonik is led by a team of retail finance veterans who have already built and scaled multiple retail and fintech banks in global emerging markets. It is supported by the main international venture capital funds, notably Sequoia India and Point72. Tonikoperates from hubs in Singapore(The head office), Manila, Chennai, and Kiev.

For media contact:

Kristel artates
[email protected]

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