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Banking doesn’t have to be so scary when you’ve got Tonik by your side

Let’s get real right here—banking can be a terrifying ordeal. We don’t even have to use any euphemisms. Even pop culture tends to portray banks in a cold light, and yes, we mean those daunting, often gray buildings with unfriendly staff and grouchy customers all around that we tend to see on our favorite movies or TV shows. Hell, even the Gringotts Bank shown on the Harry Potter films had actual goblin-bankers stashing away piles of gold with long, creepy nails and unfriendly grimaces on their faces…

Bust out your thinking cap, let’s get to cracking these personal loan myths the neoway.

Let’s start off with a bonus myth: Personal Loans are bad. False. Personal Loans aren’t bad, you just need to be a good borrower.

Personal loans are misunderstood. Cool and hip, the…

There’s a new way of doing digital banking in the Philippines, and it’s fittingly called the neobank. It’s gotten us rethinking our relationship with banks for three big reasons. Intrigued? Well, read on and get to know your potential partner.

First things first, what’s a neobank?

Neobanks are the evolved version of digital banks. You might be surprised, but existing digital banks in the Philippines actually maintain a few branches (though far less than traditional banks).

What makes a neobank different is that it’s only…

We all have big dreams for our loved ones: a fabulous surprise for your parents’ anniversary, a dependable emergency fund for the whole family, or an exciting new sideline with your besties. But to make these dreams a reality, a lot of people need to pool money together. And well, cash collection is usually tedious. At worst, it’s awkward.

That was a problem before …