I recently had the opportunity to attend the launch of Tonik Bank in Cebu, and I’m thrilled to share all the exciting details with you. This trailblazing digital bank has just made its way to our vibrant region, bringing a suite of customer-centric and innovative products designed to enhance financial inclusivity and provide accessible banking solutions to more Filipinos.
A New Era of Banking
Tonik Bank’s expansion into Cebu marks a significant milestone in their mission to democratize banking. With this move, Cebuanos can now access the complete range of Tonik’s products and services, including the much-anticipated Shop Installment Loan, which was previously available only to Luzon retailers.
The Standout Feature: Shop Installment Loan
The Shop Installment Loan is a game-changer, allowing customers to purchase their dream home appliances and gadgets with the lowest monthly payments. This feature makes it easier than ever to bring those big-ticket items into your life without the financial strain.
At the media launch, Greg Krasnov, Founder and President of Tonik, shared his excitement about expanding into the Queen City of the South. “Our goal has always been to democratize banking and provide innovative solutions that cater to the everyday needs of Filipinos. With the rollout of the Shop Installment Loan in this beautiful region, we believe we are taking a significant step towards achieving that goal,” he said.
Revolutionizing the Banking Industry
Tonik’s expansion into Cebu is part of a broader strategy to revolutionize the banking industry in the Philippines. With Cebu being the second largest market for financial services in the country, this development is expected to propel the bank’s growth and expand Tonik’s Point of Sale (POS) network.
In 2023 alone, Tonik has grown its POS network by five times, solidifying its position as the leading credit-led digital bank and a frontrunner in consumer lending growth in the Philippines.
What’s in It for Cebuanos?
Residents of Cebu can now enjoy a range of Tonik’s services, including:
– Shop Installment Loan: Available at select retailers and expanding to more stores by Q4 2024.
– High-Interest Savings Accounts: Earn competitive interest rates on your savings.
– Bills Payments: Conveniently manage and pay your bills.
– Quick and Easy Loans: Access hassle-free loan options for your financial needs.
– Seamless Mobile Banking: Enjoy a user-friendly and secure banking experience from your phone.
Looking Ahead
Tonik Bank is committed to serving the locals and contributing to their financial well-being. With their innovative products and customer-centric approach, they are set to transform the financial landscape in Cebu and beyond.
So, if you’re ready to embrace the future of banking and experience the convenience and benefits that Tonik Bank offers, now is the perfect time to dive in. Here’s to a new era of digital banking in Cebu!