For Momprenuers, check out True Money
TrueMoney, is the latest mobile financial services provider in the market. The company started out with a totally different view of how to provide FinTech services— its focus on face-to-face transactions.
Let me tell you more about FinTech. FinTech” (short for Financial Technology) is an extremely hot industry sector in business today. Talk to any tech investor or Venture Capitalist out there and they will tell you how investment into Fintech companies and start-ups has soared in the past 2 years. In 2016 alone, according to data accumulated by investment bank Financial Technology Partners, FinTech companies globally raised a total of US$36 billion in funding.
FinTech is especially attractive in emerging markets like the Philippines because of the massive opportunity to serve those without access to efficient payments and banking services today. And according to the Bangko Sentral ng Pilipinas (BSP), this number of “underbanked” or “unbanked” Filipinos is still around 70% of working adults today.
However, skim through these FinTech companies and you’ll find that most, if not all, existing FinTech players have a skew towards an app-based service or digital-first business model.
True Money is a service perfect for moms who have decided to have their own businesses and stay near their residents area rather than commuting every day to go to their offices and be in the rat race. With True Money, you can be THE BOSS.
Yes even a simple sari sari store like this can partner with True Money as long as you have a DTI and Mayor’s permit. This strategy will help people from farther-flung areas to get easy access to pay their bills and get remittance besides going to banks and other remittance center that are usually located in the City proper.
Currently, TrueMoney Centers in the Philippines already provide convenient payments and financial services to provinces and far flung areas including Albay, Bataan, Benguet, Bohol, Bukidnon, Cagayan de Oro, Camarines Sur, Cavite, Cebu, Davao, Ilocos, Isabela, Laguna, La Union, Metro Manila, Misamis Oriental, Nueva Ecija, Nueva Vizcaya, Pampanga, Pangasinan, Quezon, Rizal, Tarlac, and Zambales and more!
TrueMoney has also started to offer domestic money remittance services. And true to its mission of providing affordable services, it has come out with one of the lowest sending rates in the country for cash-to-cash remittance services.
While the average rates for domestic remittances today ranging from 3 percent to more than 10 percent for some providers, TrueMoney rates go as low as only 2 percent of the transaction amount—without any additional charges to the recipient. So say for remittances of P1,000, the total cost of sending is only P20. The recipient also gets the entire amount without any additional charges.
To know more about TrueMoney and how to become a TrueMoney partner agent, visit www.truemoney.com.ph or call (02) 7189999. You may even text them at 09778063775 (Globe) or 0998565999 (Smart).