CHAMPINONG DIGITAL FINANCIAL INCLUSION: Executives of Bayad and RCBC on their partnership signing. Seen in the photo (from L-R) are Bayad Financial Institutions Account Manager Lulu Dela Cruz, Bayad President and CEO Lawrence Y. Ferrer,
MANILA, Philippines - Award-winning and fastest-growing bank Rizal Commercial Banking Corporation (RCBC) and the Philippines’ pioneer brand in the outsourced payment collection system - CIS Bayad Center, Inc. (Bayad) has renewed their partnership by enabling inclusive financial services through RCBC DiskarTech and RCBC ATM Go. RCBC DiskarTech is the country’s first multilingual financial inclusion application
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December 17, 2020 | 12:02 am Font Size
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THE BANGKO SENTRAL ng Pilipinas (BSP) approved the application for license of Tonik Digital Bank, Inc.
In Circular Letter No. 2020-060, BSP Deputy Governor Chuchi G. Fonacier said the Monetary Board approved the party’s application for a rural bank in the Philippines through Resolution No. 1979 dated Dec. 19, 2019.
“The corresponding Certificate of Authority to Operate as a rural bank was issued by the Bangko Sentral ng Pilipinas on 3 September 2020,” Ms. Fonacier said.
The lender officially started its local operations on Nov. 25.
Tonik Digital Bank is a unit of Singapore-based Tonik Financial headed by founder and Chief Executive Officer Greg Krasnov. The firm also has operations in India.