Tonik, the Philippines’ first digital-only bank, today switched on QRPH transfers inside its mobile app, letting users send, receive and pay nationwide with a single scan — free of charge until 31 August.
Why it matters
- In the Philippines, QR codes have already leap-frogged cards; Visa reports 55 % of Filipinos paid with QR in 2023 versus 32 % who tapped a card.
- Tonik customers can now snap-pay at 675,000 merchants and 1,824 billers on the national QRPH rail — the largest digital payment network in the country.
What you can do in the Tonik app today
- Send instant transfers to any QRPH-enabled bank or wallet
- Receive money via your own personalised Tonik QR
- Shop & dine by scanning the merchant’s QR at checkout
- Pay bills instantly without scrolling through a long biller list
All QRPH transactions are fee-free during the launch window.
After each QR-scan, Tonik drops a surprise “fortune scratch card” in-app — a playful nudge that everyday banking can spark delight, not dread.
Tonik’s payments push builds on its breakout growth in the last 12 months, when the bank disbursed ₱6.7 billion in loans (+2.3x year-on-year) and processed ₱26 billion in payment volume (+1.3x year-on-year). QRPH is the latest step in a product cadence aimed at profitable scale.
“Filipinos come to Tonik for the loan, but they stay for the banking experience,” said Greg Krasnov, Founder & CEO. “QRPH lets us fold everyday payments into that experience — instant, secure and, frankly, more fun than banking has any right to be.”
