Philippine digital bank Tonik hits 1 million customers

It furthers the bank toward its goal of financial inclusion in the country.

Tonik, a Philippine-based all-digital bank, proudly announced surpassing one million clients, it said in a press release.

This achievement demonstrated the bank's significant impact on enhancing financial inclusion and underscores the growing popularity of digital banking in the region, said Tonik.

“Achieving one million onboarded clients in such a short span is a validation of the growing trust and confidence of the Filipino community in our digital banking services." CEO and founder of Tonik, Greg Krasnov said.

ALSO READ: SG investment firm Whampoa Group to build digital bank in Bahrain

Tonik said it utilises advanced technology and a customer-centric approach, making financial services accessible to individuals and families who were previously underserved by traditional banks. With secure and user-friendly digital banking services, Tonik hopes to reshape the banking industry, ensuring inclusivity for all.

Follow the link for more news on

Tonik Digital Bank

Also Read

MAS’ Chia Der Jiun touts potential of asset tokenisation, quantum

e-CNY expansion may curb banking income: S&P Global Ratings

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Over half of banking executives struggle with data silos: report

This is due to technological barriers and cost constraints.

Information Technology

9 hours ago

Australian banks' credit risk rises amidst high debt, economic uncertainty

National Australia Bank reported an 8.1% decline in cash earnings.Australian banks face heightened risk of rising credit losses as high household debt levels, elevated interest rates, and global economic uncertainties continue, according to S&P Global Ratings.

Retail Banking

9 hours ago

Visa launches new products to boost flexibility, security in APAC

It also partnered with QR payment providers across the region for cross-border payments.Visa has introduced several new products and services aimed at enhancing payment flexibility and security in Asia Pacific.

Cards & Payments

10 hours ago

State Bank of India taps SG-based APIX for fintech innovation platform