TONIK Digital Bank to Launch in the Philippines in 2020

News

09 January 2020

TONIK Financial announced that its subsidiary in the Philippines, TONIK Digital Bank, has received Notice of Approval for a new banking license from the Central Bank of the Philippines. The license will enable TONIK to provide a full range of retail banking services, focused primarily on retail deposits and consumer loans, through the first digital-only branchless bank licensed platform in the Philippines, starting in 2020.

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