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2 clusters · 11 sources · 24 days · First seen · Last updated

Growth of Toke digital payment platform in Dominican Rep

Overview

The digital payment platform Toke, developed by Banco Popular Dominicano, has expanded its utility and user base in the Dominican Republic.

Initially, Toke established a strategic alliance with the urban mobility platform inDrive to facilitate digital transactions for various ride-hailing services, including cars and motorcycles. This integration allowed users to pay via direct transfers or QR codes, aiming to reduce cash dependency.

Following this integration, Toke reported reaching one million registered users within its first six months. The platform has integrated over 30,000 micro-merchants and over 10,000 drivers into its ecosystem. Bank executives noted that the service is driving financial inclusion, as approximately 70% of users opening accounts through the app had no previous relationship with a financial institution.

Entities

Toke · Banco Popular Dominicano · Dominican Republic · Christopher Paniagua · Francisco Ramírez

Timeline

  1. [BUSINESS] 9 sources
    Banco Popular's Toke platform reaches 1 million users in Dominican Republic

    Banco Popular Dominicano's digital payment platform, Toke, has reached one million users and 30,000 micro-merchants in six months, with 70% of new users previously lacking bank accounts.

  2. [BUSINESS] 3 sources
    Toke and inDrive partner for digital payments in Dominican Republic

    Toke and inDrive have partnered in the Dominican Republic to enable digital payments for urban mobility services, allowing users to pay via direct transfers or QR codes to reduce cash usage.

Sources

bellerdigital.net · eldia.com.do · eldinero.com.do · eljaya.com · elsoldesantiago.com · enlacedigital.com.do · ensegundos.do · enterateyasdo.com · lavozdelprm.org · n.com.do · paginaextra.com