FinTech company TrueMoney Philippines has signed a partnership agreement with Bayad Center, enabling the latter's customers to have access to TrueMoney Philippines’ nearly 7,000-strong agent network in remote areas of the country. Manuel Lorenzo Tuason, President and Chief Executive Officer of CIS Bayad Center Inc. said " We all work hard to pay our bills. One way of rewarding Filipinos for paying their bills is giving them access to more convenient channels of payment by bringing the service closer to them.” TrueMoney – owned in part by the C.P. Group from ... Continue Reading...
TrueMoney Philippines: fintech company for the underbanked sector
Despite the massive modernization we see in major cities in Metro Manila, there remains a large part of the Philippine population which remains underserved when it comes to banking and finance services. In fact, according to a study by the BSP (the Central Bank of the Philippines), " nearly 40% of municipalities in the country do not have any banking presence." Enter TrueMoney, one of the newest FinTech (financial technology) companies to enter the market.Unlike its contemporaries which focus on an app-based service or digital-first business model, TrueMoney ... Continue Reading...
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