Tonik teams up with EMCOR for consumer financing expansion

Tonik Digital Bank, the first licensed digital-only bank in the Philippines, announced a strategic partnership with retail chain EMCOR to expand accessible consumer financing across the Visayas and Mindanao regions.

Following an initial pilot across 20 EMCOR branches, the partnership will expand to 170 stores by 2027.

The rollout will allow customers to purchase household appliances, electronics and other consumer goods using Tonik's Shop Installment Loan through fixed payment plans.

Under the arrangement, shoppers at participating EMCOR stores can apply for point-of-sale financing via the Tonik mobile application and receive real-time credit assessments supported by the bank's automated underwriting system.

"Financial inclusion isn't just about giving more people access to loans. It's about making sure those loans are affordable and genuinely useful in everyday life," said Greg Krasnov, founder and chief executive of Tonik Bank.

"With household budgets under pressure, we believe responsible lending means keeping financing competitive, transparent, and manageable," he added.

Nelson Aparejo, president and chief operating officer of EMCOR, said the collaboration offers customers convenient payment alternatives for essential household purchases.

"By working with Tonik, we can offer a convenient financing option that helps make important purchases more manageable for families across Visayas and Mindanao," Aparejo said.

The Bangko Sentral ng Pilipinas-regulated digital bank reported that its total loan portfolio reached $118 million as of September 2026, with an annualized revenue run-rate exceeding $69 million.

Aside from shop installment loans, Tonik offers payroll-linked loans, digital cash loans, high-yield savings accounts and time deposits.