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Enabling regulations, pandemic pushed fintech sector s expansion
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Digital banking sector to grow amid rise in online transactions
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PNB looking to convert holding company to digital-only lender
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Lenders from Europe, Asia looking to establish online banks in the PHL
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Philippines based Digital Bank Tonik Reports $20M+ in Deposits in Less than A Month After Launch, Announces Partnership with PESONet
Earlier this week, Philippines based digital bank
Tonik partnered with
PESONet in order to support safe and secure digital fund transfers to its account from other banking service providers.
Tonik clients now have the option to send money from a PESONet participating bank directly to their bank accounts.
This new service is currently available through CIMB, PSBank, Landbank, and RCBC. Other PESONet member banks are expected to add the service in the foreseeable future.
As mentioned in the announcement, interbank transfer services through PESONet will be available with more banks within the next few weeks.