Tonik Digital Bank has partnered with appliance and electronics retailer EMCOR to make its Shop Installment Loan available to more customers across Visayas and Mindanao. The partnership, which started with a pilot in 20 EMCOR stores, is expected to expand to 170 locations in 2027, giving more Filipino families access to installment financing for household appliances, electronics, and other essential purchases.
Why it matters: Access to affordable financing can help families purchase essential products without paying the full amount upfront. By bringing its digital lending service into EMCOR stores, Tonik aims to reach consumers who may have limited access to traditional banking and credit services, particularly in communities across Visayas and Mindanao.
The details: Under the partnership, customers shopping at participating EMCOR branches can select their preferred products and apply for a Shop Installment Loan through the Tonik app. Approved customers can then pay for their purchases through installment arrangements, subject to credit approval.
The collaboration combines Tonik’s digital lending platform and data-driven credit assessment with EMCOR’s established retail network.
The initial rollout covered 20 EMCOR stores. Tonik plans to increase this to 170 stores in 2027, expanding the availability of its financing service to more customers in the two regions.
Tonik also emphasized its commitment to responsible lending, saying it intends to maintain competitive and affordable financing rates despite rising operating, supply chain, and logistics costs.
Tonik said its approach to financial inclusion goes beyond providing access to loans. The bank also wants to make financing transparent, affordable, and manageable for borrowers.
Tonik Founder and CEO Greg Krasnov said the partnership is intended to help Filipino families access financing that supports their everyday needs without placing unnecessary pressure on their budgets.
EMCOR President and COO Nelson Aparejo added that the collaboration gives customers more ways to purchase quality products through a convenient financing option.
The bigger picture: The partnership is part of Tonik’s broader strategy to expand its digital banking and consumer lending operations through retail and employer partnerships.
Aside from Shop Installment Loans, Tonik offers payroll-linked loans and digital cash loans for eligible borrowers. Its banking services also include savings accounts, time deposits, fund transfers, and payment services.
By making credit available at the point of purchase, the bank aims to connect consumers with formal financing options while using established retail networks to reach more communities.
Between the lines: Tonik’s expansion with EMCOR comes as the digital bank reports growth in its lending business. As of September 2026, its loan portfolio reached USD 118 million, with an annualized revenue run-rate exceeding USD 69 million.
These figures reflect the bank’s growing lending operations as it continues to develop its digital banking ecosystem. Tonik said its approach combines technology-driven credit assessment, risk management, and partnerships to support sustainable growth.
For Filipinos: Customers in Visayas and Mindanao can access Tonik’s Shop Installment Loan at participating EMCOR stores, subject to eligibility and credit approval. The planned expansion to 170 stores in 2027 is expected to make the financing option available to a wider customer base.
What’s next: Tonik and EMCOR plan to expand the partnership from its initial 20-store pilot to 170 locations in 2027. The companies have not yet announced the complete list of branches included in the expansion.
The Bottom Line: Tonik Bank is expanding its consumer lending reach through its partnership with EMCOR, bringing Shop Installment Loans to more customers in Visayas and Mindanao. The planned rollout to 170 stores in 2027 could give more Filipino families access to installment financing for essential household purchases.
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