By Shiela Bertillo
Coins.ph, Philippines’ leading blockchain-based digital wallet, announced its partnership with payments and remittance network TrueMoney. This initiative aims to make the e-wallet cash-in offer available anywhere nationwide.
Currently, TrueMoney is estimated to have 20,000 centers which are mostly sari-sari stores in the country.
“Sari-sari stores have always been a part of Filipino culture and lifestyle. These sari-sari stores are now also able to provide digital finance services such as e-wallet cash in, bills payments, and buy load services within their communities. We are always eager to collaborate with businesses like TrueMoney, who are innovative and share our mission of expanding financial inclusivity and empowerment,” Coins.ph CEO Nauman Mustafa said.
President of TrueMoney Philippines Joseph Ryan Co also expressed their excitement with the collaboration.
“TrueMoney has helped bridge both offline and online financial services in the Philippines. By transforming sari-sari stores and small businesses in barangays into TrueMoney Centers, we can ensure that financial products are more accessible and available to customers. This is why we are excited to be in partnership with Coins.ph, as together, we strengthen efforts to offer innovative products that improve the lives of millions of Filipinos nationwide,” Co stated.
How to Cash In From TrueMoney to Coins.ph
- Coins.ph users must generate a reference number or barcode through the app
- Present the code to any TrueMoney Center
- Pay. Funds are credited in real time.
Cash ins above P100 via TrueMoney Centers are subject to a minimal partner fee equal to 1.2% of the transaction value for service maintenance.
Recently, Coins.ph has brought the total number of crypto assets available on the platform to 10 as it announced that its customers will now be able to buy, sell, and store directly the cryptocurrency tokens MKR (Maker), AAVE, and UNI (Uniswap). (Read more on: AAVE, MKR, UNI are now in Coins.ph!)
This article is published on BitPinas: Coins.ph Partners With TrueMoney, Cash-in Now Available in Sari-Sari Stores