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Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name “TendoPay”. This deal, which is subject to
SINGAPORE, Dec. 2, 2022 /PRNewswire/ --Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name "TendoPay". This deal, which is subject to approval of relevant government authorities, is set to further cement Tonik's leading position in digital credit inclusion in the Philippines. Through the strategic acquisition of TendoPay, Tonik has now augmented its core lending portfolio while int...
Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name "TendoPay".
Tonik, the Philippines’ first neobank, continues to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan.
Tonik accelerates financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan. Building on the success of its all-digital savings portfolio and successful launch of its first lending product, Quick Loan, the new products are set to position Tonik as amon