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.
A little joy with every transaction
After each QR-scan, Tonik drops a surprise “fortune scratch card” in-app — a playful nudge that everyday banking can spark delight, not dread.
Momentum that powers the roadmap
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.”
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This article is brought to you by Tonik.