The typical neighborhood sari-sari store of the past that owes its concept of buying from a wholesaler and making money off each item with a small markup can’t seem to survive in today’s line of business without making innovations.
Thankfully, a sari-sari store doesn’t have to dwell in that old business model as new opportunities emerge to diversify operations. They can now accept mobile phone reloading, disburse remittance money, accept bill payments or become a pickup point for parcel deliveries.
One of such opportunities come from TrueMoney, which is a Thailand-based low-cost financial technology company that serves three major areas: remittance money processing, bills payment and prepaid load and game credit retailing.
This means, if you are affiliated with this business, your sari-sari store can serve customers with aforementioned needs — receives money sent by OFW relatives abroad, reload their prepaid mobile device or pay their bills. By the looks of it, customers will have ease of convenience doing so. They don’t need to go to poblacion’s Western Union or M Lhuillier outlets to pick up money, at bigger stores and queue with other customers or wait for office hours to pay their utility bills.
Benefits of a TrueMoney partner
Earn more income
Your sari-sari store has potential to earn more income on top of the perishable goods on sale. That’s because your shop will now offer high-demand services such as phone reloading, bill payment and remittance services.
More customer traffic
Instead of routinely saying you don’t offer such services, a TrueMoney signage will attract more foot traffic and income potential. Along the way, someone asking for phone reload might just buy a liter of softdrinks or a can of meat loaf.
Low start-up investment
Understanding merchants may have little leeway when it comes to investment, TrueMoney’s proven business model doesn’t require a fortune to invest in exchange for a potential financial windfall and growth in business.
Easy business setup
There are about 45,000 TrueMoney Centers in the Philippines and Southeast Asia. One reason for that growth over the past few years is the ease of setup. There is no need for computers, printers or internet connection as TrueMoney will provide you with an easy-to-use POS terminal.
Safe, quick and secure transactions
Money remittance through TrueMoney is a fast, affordable, and secure way to send and receive money. There is no charge to money recipients and no membership is required. The POS terminal prints a transaction receipt while the confirmation and the unique reference code are quickly sent to your mobile number. Recipient can then pick-up the cash in real-time.
Each TrueMoney Center is provided with a unique POS terminal that comes with a unique card for authentication purposes. Through a simple menu-driven interface, business owners can carry out financial services without the complex technology.
Wide variety of bill payment partners
As a TrueMoney partner, your sari-sari store may accept bill payments for the following merchants:
|Airline Tickets||Cable TV||Banks||Electric Utilities||Finance||Telecoms||Water Utilities||Others|
|Air Asia||Angeles Cable||Asia United Bank||Angeles Elec||AEON Credit||ABS-CBN Converge||BP Water Works||Bayanihan Flats|
|Cebu Pacific||Cable Link||BPI||Batangas I Elec||Asialink||Bayan Telco||Boracay Water||Dragon Pay|
|Philippine Airlines||Central Luzon||Batangas II Elec||Cocolife||Digital Telco||Cagayan De Oro||Honeycomb Builder|
|Cignal TV||Benguet Elec||CTBC Bank Corp||Globe Innove||Calumpit Water||Metro Turf Club|
|Comclark Network||Cagayan Elec||Dragon Loans||Globe Postpaid||Clark Water||Peso Pay|
|Converge Ict Sol||Cebu II Elec||Finaswide Credit||Globe Tattoo||First Peak||Phil Smile|
|DCTV Cable||Cotobato Light||First MFI Net||PLDT||Good Hands Water||RS Property|
|Hi-Tech Cable TV||Davao del Sur I||Golden Haven||Smart||Happy Well||Tagum Coop|
|JMY Advantage||Davao Light||Global Dominion||South Iloilo Tel||Laguna AAA Water|
|Leisure World||First Laguna Elec||Home Credit Phil||Sun Cellular||Laguna Wtr Distr|
|Met Cable||Iloilo I Elec||Insular Savers||Mabalacat Water|
|My Cloud Cable||Ilocos Norte Coop||Maybridge Fin||Manila Water|
|Northstar Cable||NEECO II Area 1||Norkis Financial||Maynilad|
|Parasat Cable||NEECO II Area 2||Paramount Life||Metro Cebu Water|
|Pilipino Cable||Olongapo Elec||Pera Agad||Primewater|
|Planet Cable||Pampanga I Elec||Phil Axa Life||Sorsogon Water|
|Plus Cable||Pampanga II Elec||South Asialink||Sta. Maria Water|
|Royal Cable||Pampanga III Elec||Sumisho Loan||Sta. Lucia Realty|
|SanClemente Cable||Pampanga Rural||Unistar Credit||Tabaco City Water|
|Smart Bro||Sorsogon II Elec|
|Verdant Cable||Subic Enerzone|
|Surigao del Sur|
|Zambales I Elec|
|Zambales II Elec|
How to Apply as TrueMoney Partner?
To apply as a TrueMoney, fill out your name, contact details and store location in the form by following this link. Documentary requirements include:
- DTI Permit
- Mayor’s Permit
If you have any questions on our security and technology, you may contact us at (02) 718-9999 or at firstname.lastname@example.org.
Additional contact details:
Globe: 0977 806 3773
Smart: 0998 565 9999
Monday to Saturday – 9am to 9pm
Sunday – 9am to 6pm