TrueMoney Serves Over 2-million Filipinos to Grow Further this 2018

     Just a short four months after achieving its 1 million unique transacting customers, TrueMoney Philippines has now reached 2 million transacting customers by the end of 2017.

     The Fintech challenger only started commercial operations in late-2016 but has now grown into one of the largest payments and financial services players in the local scene. 

TrueMoney Serves Over 2-million Filipinos to Grow Further this 2018 

TrueMoney Partners with Bayad Center

     FinTech company TrueMoney Philippines has signed a Partnership Agreement with bills payment center company CIS Bayad Center Inc. This is great news for customers who sometimes see hassles in long queues in some payment centers here in the country.

     The partnership will give Bayad Center customers in far-flung areas of the Philippines access to its payment services, thanks to TrueMoney Philippines’ nearly 7,000-strong agent network. Know more about this partnership below :)

TrueMoney Partners with Bayad Center

TrueMoney 1 Million Customers Served

     TrueMoney Philippines recently achieved one of their biggest milestones to date. In less than a year of operations in the country, the company already reached its 1 million transacting customer mark. TrueMoney is a Fintech brand of Ascend Money, a digital finance venture of the C.P. Group from Thailand, one of the largest diversified conglomerates in Asia, and Ant Financial (Alipay), the payments arm of e-commerce giant Alibaba Group. 

TrueMoney 1 Million Customers Served

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     Have you heard the word FinTech? This is new to me and for those who have not heard it it's short for Financial Technology. This 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. 

     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. 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. Sharing today the latest player in this field- TrueMoney! Know more information after the jump.

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