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Jun 07 2021 
Neobank Tonik Secures Digital Banking License
Neobank Tonik announced that it has secured a digital bank license from the Bangko Sentral ng Pilipinas (BSP) as it has been operating under a rural banking license since 2019.
A year later, BSP had issued a framework on the establishment of digital banks, clearing the way for Tonik to scale up and apply for a formal digital bank license.
State-owned…
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Jun 07 2021 
[FEATURING] GCash, Airasia forge partnership
Mobile wallet app GCash and Airasia Philippines have partnered to allow travelers to pay digitally for flight, hotel bookings and travel retail items.
Customers can pay for their Airasia plane fare and accommodation in partner hotels using the GCash apps on their mobile phones.
They can also opt for contactless payment using the GCash app at airasia…
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Jun 07 2021 
Digital banks test Philippine market
The Bangko Sentral ng Pilipinas (BSP) has approved the applications of Tonik Digital Bank and UNObank to operate as digital banks in the country, bringing to three the number of participants in the new bank classification.
Tonik Digital Bank, a unit of Singapore-based Tonik Financial headed by founder and chief executive officer Greg Krasnov, was granted…
