Neobank Tonik introduced the BillsPay feature to provide consumers with easy and accessible banking. Available through the Tonik app, BillsPay enables users to seamlessly pay their bills on time, without the hassle of long queues.
“With Tonik at the forefront of fintech in the Philippines, we are constantly expanding our product offerings to cater to all the financial challenges Filipinos face on a daily basis as we accelerate financial inclusion,” said Greg Krasnov, founder and CEO, Tonik.
Made possible in partnership with Bayad, a pioneer and leader in the outsourced payments industry, users can settle their dues with a wide range of billers right in the Tonik app. This includes top utilities such as Meralco, PLDT, Maynilad Water Services Inc., Manila Water Company Inc., Smart, Converge ICT, Pag-IBIG, Easytrip Services Corporation, Metrobank Credit Card, and Visayan Electric Company (VECO). Soon, more merchants and billers will likewise be made available in the app. Payments are posted within 48 hours of the transaction.
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Users who share a Group Stash can save together to pay a bill. Once the target amount is reached, the Group Stash owner can move it to their Tonik Savings Account so that they may pay the bill.
“With BillsPay, Filipinos can manage all their expenses and face each month worry-free,” said Krasnov. “Users can even pay for their family’s or friends’ bills if they need an extra hand. It is fast, easy and accessible—exactly the kind of banking partner Filipinos deserve.”