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Tonik Digital Bank Teams Up With Southeast Asian Payment Gateway Provider Xendit

Tonik Digital Bank Teams Up With Southeast Asian Payment Gateway Provider Xendit
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Greg Krasnovsaid , Todd Esposito , Cebuana Lhuillier , Yang Zhang , Tonik Group , Tonik Digital Bank , Southeast Asian , Palawan Express , Group Chief Financial Officer Todd Esposito , Chief Innovation Officer Yang Zhang ,

Cheat Sheet: What Exactly Is A Neobank?

Here s what you need to know.
PHOTO: SHUTTERSTOCK
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NGL, I only heard the term neobank a couple of months ago but a quick Google search reveals that they have been around for years. Here in the Philippines, we re seeing a shift to digital transactions, which TBH, is just a much safer option now with the pandemic. But even before COVID-19, people have been learning about this type of banking, so let s break it down.
What is a neobank?
A neobank is a type of digital bank without any branches. You won t find them at any specific location just online. But they offer the same services as traditional banks. According to a report by UnaFinancial, an international financial group, neobanks will serve more than 50 million people in the Philippines by 2025. ....

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