This partnership brings Tonik's Shop Installment Loan to EMCOR customers, expanding access to responsible lending and competitive, affordable financing while advancing financial inclusion.
MANILA, Philippines — 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.
Following an initial pilot in 20 EMCOR stores, the partnership is set to expand to 170 stores in 2027, making Tonik's Shop Installment Loan available to more customers looking to purchase quality household appliances, electronics, and other essential products through manageable installment payments.
At a time when rising operating, supply chain, and logistics costs are driving price increases across industries, Tonik remains committed to responsible lending by maintaining competitive and affordable financing rates without significant price increases. This approach helps make essential purchases more accessible while supporting customers in managing their financial commitments.
Through the partnership, customers at participating EMCOR stores can select their preferred products, apply for financing through the Tonik app, and pay in flexible installments, subject to credit approval. The collaboration combines Tonik's digital lending technology and data-driven credit assessment with EMCOR's established retail network.
Making Financial Inclusion More Meaningful
For Tonik, financial inclusion goes beyond simply providing access to credit. It means offering transparent, competitively priced financing that customers can manage responsibly.
"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.
"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 expansion from 20 to 170 stores reflects Tonik's strategy of bringing financial services closer to consumers through trusted retail partners. By making financing available at the point of purchase, Tonik helps bridge the gap between access to essential products and access to formal credit, particularly in communities underserved by traditional banking channels.
Supporting Tonik's Growing Digital Banking Ecosystem
The EMCOR partnership is part of Tonik's broader strategy to build a scalable digital banking ecosystem with responsible consumer lending at its core.
Licensed by the Bangko Sentral ng Pilipinas (BSP), Tonik offers Shop Installment Loans, payroll-linked loans, digital cash loans, and other lending options for eligible customers, alongside savings accounts, Time Deposits, fund transfers, and payment services.
Through technology-driven credit assessment, disciplined risk management, and strategic retail and employer partnerships, Tonik continues to expand its lending operations while maintaining a focus on sustainable growth.
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.
By combining affordable financing, responsible lending, and strong local partnerships, Tonik continues to advance financial inclusion while strengthening its position in the Philippine consumer lending market.
About Tonik Bank
Tonik Digital Bank is the Philippines' first licensed digital-only bank, regulated by the Bangko Sentral ng Pilipinas (BSP). Built around a lending-first strategy, Tonik offers consumer loans, savings, time deposits, payments, and everyday banking services through its mobile-first platform. Through technology-driven lending and partnerships with retailers and employers, Tonik aims to make financial services simpler and more accessible to Filipinos.
For more information, visit www.tonikbank.com.
About EMCOR
EMCOR is a leading retail company in the Philippines, with 177 stores across Mindanao, the Visayas, and Palawan. Through its wide range of products, including motorcycles, home appliances, furniture, computers, and IT products, EMCOR brings comfort closer to Filipino homes.
Ranked No. 345 in BusinessWorld's Top 1,000 Corporations in the Philippines 2025, EMCOR continues to strengthen its position in the retail industry, including its standing among the country's top three household appliance retailers.
Driven by its commitment to service excellence and customer satisfaction, EMCOR continues to expand its reach and deliver quality products that enhance everyday living.
For more information, visit www.emcor.com.ph.
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