Tonik Collaborates With Xendit to Extend Payment Options
Tonik, the first digital-only neobank in the Philippines, has collaborated with Xendit, a leading payment gateway in Southeast Asia. This partnership aims to deliver enhanced financial solutions. Their mission is to offer secure, convenient, and customer-centric financial services.
About the Partnership
The collaboration offers new cash-in channels for Tonik customers using Xendit’s rich payment infrastructure. Customers can cash in from their BPI, UnionBank, and GCash accounts, with additional channels from RCBC and Chinabank soon to follow. Over-the-counter options will expand by March to include 7-Eleven, Cebuana Lhuillier, M. Lhuillier, SM Payments, Palawan Express, and LBC. Upcoming channels will also feature e-wallets Maya and GrabPay and widen the payment space for Tonik users in the Philippines.
Highlights of the Partenrship
This partnership offers numerous benefits to traders and investors:
Enhanced Convenience
The partnership enhances the convenience of financial transactions for users. With Xendit’s payment gateway, Tonik customers have numerous cash-in channels from banks and over-the-counter options. It simplifies the process for users to fund their accounts and makes digital banking accessible and efficient.
Broader Market Accessibility
Expanding payment options will increase the market access and attract a vast customer base. Traders and investors will have simplified digital banking services and the financial markets engagement opportunity. It will offer diversified investment strategies and streamline financial operations.
Innovative Financial Solutions
The partnership strengthens the financial ecosystem by broadening payment channels. It will encourage fintech innovation and growth. A vigorous financial ecosystem offers a stable environment for financial activities. It also promotes confidence in digital banking and investment platforms.
Enhanced Security
Both companies aim to deliver secure, customer-centric financial solutions. It ensures that their transactions are processed securely and efficiently, safeguarding their financial assets. They focus on innovation and security to meet the needs of modern traders and investors looking for reliable digital banking and payment solutions.
About Tonik
Tonik is the first digital-only neobank in the Philippines. It provides multiple financial services like loans, deposits, and payment services through a secure digital banking platform. It offers fast, affordable, and accessible financial services to the unbanked and underbanked populations in the region.
About Xendit
Xendit is a payment gateway in Southeast Asia that streamlines the payment process. It offers a platform that encourages safe and efficient transactions to simplify the complexities of payment processing. It aims to ensure companies of all sizes can easily integrate and benefit from high-quality payment solutions.
Looking Forward
This collaboration indicates a future where financial services are integrated into the daily consumer lives. It will offer convenience, security, and efficiency. This partnership introduces numerous innovative services for the unique market dynamics of Southeast Asia.
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