Tonik Digital Bank, the Philippines’ first licensed digital-only bank, has partnered with EMCOR to expand access to affordable and flexible consumer financing across Visayas and Mindanao. The collaboration aims to help more Filipino consumers purchase essential household products through manageable installment payments, combining Tonik’s digital lending capabilities with EMCOR’s established retail network.
Following an initial pilot program across 20 EMCOR stores, the partnership is scheduled to expand to 170 stores in 2027. The expansion will make Tonik’s Shop Installment Loan available to more customers purchasing household appliances, electronics, and other essential products. Through this financing option, eligible customers can spread their purchases across flexible installment payments, subject to credit approval.
The partnership comes at a time when rising operating, supply chain, and logistics costs continue to drive price increases across industries. Despite these pressures, Tonik remains committed to responsible lending by maintaining competitive and affordable financing rates without significant price increases. This approach supports customers who need financing for essential purchases while helping them manage their financial commitments.
Through the collaboration, customers visiting participating EMCOR stores can choose their preferred products and apply for financing directly through the Tonik app. Once approved, customers can pay for their purchases through flexible installments. The arrangement brings together Tonik’s digital lending technology and data-driven credit assessment with EMCOR’s retail presence, providing customers with another financing option when purchasing essential products.
Making Financial Inclusion More Meaningful
For Tonik, financial inclusion involves more than providing consumers with access to credit. It also requires financing options that feature transparent terms, competitive rates, and manageable repayment commitments. The digital bank emphasizes the importance of making loans affordable and useful in everyday life, particularly as household budgets face increasing pressure.
Tonik’s approach places responsible lending at the center of its efforts to expand consumer financing. By maintaining competitive financing rates and offering installment payment options, the bank aims to help customers access products they need without overlooking their ability to manage their financial obligations.
“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. With household budgets under pressure, we believe responsible lending means keeping financing competitive, transparent, and manageable. Our partnership with EMCOR helps us bring that opportunity to more Filipino families,” said Greg Krasnov, Founder and CEO of Tonik Bank.
EMCOR also sees the collaboration as an opportunity to provide customers with additional ways to purchase quality household products. Through Tonik’s financing service, the retailer can offer an installment payment option that makes important purchases more manageable for families across Visayas and Mindanao.
“For us at EMCOR, this partnership is about giving our customers more ways to bring home quality products they need. By working with Tonik, we can offer a convenient financing option that helps make important purchases more manageable for families across Visayas and Mindanao,” said Nelson Aparejo, President and COO at EMCOR.
The planned expansion from 20 pilot locations to 170 EMCOR stores in 2027 reflects Tonik’s strategy of bringing financial services closer to consumers through established retail partners. The collaboration makes financing available at the point of purchase, allowing customers to explore installment payment options while selecting products at participating stores.
This approach also helps address the gap between access to essential products and access to formal credit. By working with a retail partner that has an established presence across Visayas and Mindanao, Tonik aims to make consumer financing more accessible, particularly in communities underserved by traditional banking channels.
The partnership demonstrates how digital lending services and retail networks can work together to extend financing opportunities to more consumers. Through EMCOR’s participating stores and the Tonik app, eligible customers gain another way to finance household appliances, electronics, and other essential purchases through installment payments.
Supporting Tonik’s Growing Digital Banking Ecosystem
The partnership with EMCOR forms part of Tonik’s broader strategy to develop a scalable digital banking ecosystem with responsible consumer lending at its core. The collaboration supports the bank’s efforts to expand its lending services through partnerships that bring digital financial products closer to consumers.
Licensed by the Bangko Sentral ng Pilipinas (BSP), Tonik offers several lending products for eligible customers. These include Shop Installment Loans, payroll-linked loans, and digital cash loans, alongside other lending options. Its digital banking services also include savings accounts, Time Deposits, fund transfers, and payment services.
Through this range of financial products and services, Tonik continues to develop its digital banking ecosystem while expanding access to lending and other banking solutions. Its operations combine technology-driven credit assessment, disciplined risk management, and strategic partnerships with retailers and employers.
These capabilities support Tonik’s efforts to expand its lending operations while maintaining a focus on sustainable growth. Its retail and employer partnerships also provide additional channels for bringing financing services to consumers through established business networks.
As of September 2026, Tonik’s loan portfolio reached USD 118 million, with an annualized revenue run-rate exceeding USD 69 million, reflecting its growing scale and progress toward building a sustainable digital banking business.
The figures highlight the bank’s expanding lending operations as it continues to develop its presence in the Philippine digital banking and consumer lending markets. Its collaboration with EMCOR adds another retail channel to its strategy, with the planned expansion to 170 stores expected to extend the availability of its Shop Installment Loan across Visayas and Mindanao.
By combining affordable financing, responsible lending practices, digital banking technology, and established local retail partnerships, Tonik continues to advance its financial inclusion efforts. The collaboration with EMCOR further supports its strategy of making consumer financing more accessible while strengthening its position in the Philippine consumer lending market.
For more information, visit www.tonikbank.com.
