MANILA, Philippines, Sept. 1, 2022 /PRNewswire/ — Tonik, the country’s first neobank, continues to be each and every Filipino’s companion to effortless, anxiety-absolutely free, and obtainable banking by way of its BillsPay function. Available by means of the Tonik app, BillsPay permits consumers to seamlessly fork out their costs on time, without the hassle of extensive queues and even at the convenience of their personal houses – all via a couple of taps on their cell cellular phone.
“With Tonik at the forefront of fintech in the Philippines, we are consistently expanding our product or service offerings to cater to all the economic problems Filipinos experience on a day-to-day foundation as we speed up economic inclusion,” describes Founder & CEO Greg Krasnov. “Heading via the pressures of regular dues normally produces incredible strain for our customers, but we make it our purpose to assist them keep on being on leading of their funds. Now, by way of BillsPay, we offer you an less complicated way to settle your payments at your individual convenience.”
Built feasible in partnership with Bayad, a pioneer and leader in the outsourced payments marketplace, end users can settle their dues with a wide assortment of billers appropriate in the Tonik application. This consists of major utilities this sort of as MERALCO, PLDT, Maynilad Water Companies Inc., Manila H2o Enterprise Inc., Clever, Converge ICT, Pag-IBIG, Easytrip Products and services Company, Metrobank Credit history Card, and Visayan Electric powered Firm (VECO). Quickly, much more retailers and billers will furthermore be made out there in the application. Payments are posted inside 48 several hours of transaction.
End users who share a Group Stash can help save with each other to pay back a invoice. At the time the focus on amount is achieved, the Team Stash proprietor can transfer it to their Tonik Cost savings Account so that they may perhaps pay the invoice.
“With BillsPay, Filipinos can deal with all their charges and experience each and every month stress-no cost,” provides Krasnov. “Users can even pay out for their family’s or friends’ expenditures if they need to have an extra hand. It is speedy, straightforward and accessible—exactly the variety of banking husband or wife Filipinos are entitled to.”
Tonik is the to start with electronic-only neobank in the Philippines, offering mortgage, deposit, and payment merchandise to customers on a remarkably secure digital banking system. The neobank operates on the foundation of the 1st electronic financial institution license issued by the Bangko Sentral ng Pilipinas (BSP). Tonik is led by a crew of retail finance veterans who have previously developed and scaled numerous retail financial institutions and fintechs throughout world wide rising markets. It is backed by leading international traders, which includes Sequoia India, Issue72 Ventures, and Mizuho Financial institution. Tonik’s tech stack is integrated in partnership with globe-course banktech sellers such as Mastercard, Finastra, Amazon Website Products and services, Google, and Daon. Tonik operates out of hubs in Singapore (HQ), Manila, and Chennai.