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. Tonik aims to drive digital financial inclusion and provide the unserved and underserved with formal financial services. As a mobile-only bank, tonik will be able to develop a highly customized, scalable banking solution that fits the needs of their customers. "We want to empower the underserved and unserved Filipinos by giving them simple, accessible, and fast digital banking experiences. We want our customers to easily gain familiarity with transacting and banking digitally to help them harness the full potential of the rapidly changing digital economy. 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. Bank of the Philippine Islands (BPI) has partnered with Robinsons Retail Holdings, Inc. Read more in our articles including "Mastercard and tonik partner to create the world's first digital Neo Bank" and "BIR opens Tax Payer Portal".
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Apr 2, 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.
Tonik aims to drive digital financial inclusion and provide the unserved and underserved with formal financial services. As a mobile-only bank, tonik will be able to develop a highly customized, scalable banking solution that fits the needs of their customers. "We want to empower the underserved and unserved Filipinos by giving them simple, accessible, and fast digital banking experiences.
Our coverage of Tonik Bank PH includes: "Mastercard and tonik partner to create the world's first digital Neo Bank"; "BIR opens Tax Payer Portal"; "DTI retracts plan to require permit when running online ads and promos". Each article provides unique insights and information.