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. 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. 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. 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.
Our coverage of Tonik Fintech 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.