#tonik PH

Tonik Digital Bank has recently made available in the Philippines. Dubbed as the first digital-only neobank in the country, Tonik provides retail financial products, including deposits, loans, savings accounts, payments, and cards through a digital banking platform. Tonik Financial Pte Ltd is based in Singapore and focuses on product development and technology integration for its digital banking platform. Tonik's banking operations in the Philippines are conducted by its local subsidiary Tonik Digital Bank Inc, regulated by Bangko Sentral ng Pilipinas as a rural bank. Moreover, as Tonik Digital Bank Inc is a regulated bank entity, its deposits are insured by the PDIC. Posted on its Facebook page, Tonik is now available for download on both Android and iOS. Last year, Mastercard partnered with Tonik, allowing the bank’s customers to fulfill electronic transactions with merchants accepting Mastercard. Check out the quick guide on how to use the Tonik app below. Read more in our articles including "Tonik Digital Bank now available in the Philippines" and "The biggest changes are coming to Android Auto".