Mastercard has announced its partnership with tonik, a two-year-old Fintech startup that has recently received a bank license in the Philippines. Mastercard aims to improve tonik's position by enabling them to issue a range of electronic payment products. Our partnership with Mastercard is about injecting more speed, scale, and performance into all facets of our business. Having immediate access to Mastercard's global payment network, safety & security technology, data and analytics services, AI technology, and cybersecurity capabilities will be essential to tonik's growth and success in today's digital-first reality," said Greg Krasnov, CEO and Founder of tonik. Additionally, Rama Sridhar, Executive Vice President for Digital and Emerging Partnerships and New Payment Flows of Mastercard in the Asia Pacific, notes that fintech companies thrive when given the tools and technology to scale. Grab and Mastercard has recently announced a partnership to issue prepaid cards that customers can use online or offline at any merchant around the world that is accepting Mastercard. The partnership involves the integration of Mastercard prepaid card with GrabPay, combining the strengths of Grab with a user base of over 110 million downloads, and Mastercard with 3 million-strong network of merchant outlets. Read more in our articles including "Mastercard and tonik partner to create the world's first digital Neo Bank" and "Grab, Mastercard to launch prepaid cards for consumers in SEA".
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Apr 29, 2026Mastercard has announced its partnership with tonik, a two-year-old Fintech startup that has recently received a bank license in the Philippines. Mastercard aims to improve tonik's position by enabling them to issue a range of electronic payment products.
Our partnership with Mastercard is about injecting more speed, scale, and performance into all facets of our business. Having immediate access to Mastercard's global payment network, safety & security technology, data and analytics services, AI technology, and cybersecurity capabilities will be essential to tonik's growth and success in today's digital-first reality," said Greg Krasnov, CEO and Founder of tonik. Additionally, Rama Sridhar, Executive Vice President for Digital and Emerging Partnerships and New Payment Flows of Mastercard in the Asia Pacific, notes that fintech companies thrive when given the tools and technology to scale.
Our coverage of Mastercard Tonik partnership includes: "Mastercard and tonik partner to create the world's first digital Neo Bank"; "Grab, Mastercard to launch prepaid cards for consumers in SEA"; "BIR opens Tax Payer Portal". Each article provides unique insights and information.