Blockchain-backed digital wallet Coins.ph is making cash-in available in many parts of the Philippines with its new partnership with leading payments and remittance network TrueMoney.
With an estimated 20,000 TrueMoney Centers which are mostly sari-sari (variety) stores nationwide, the partnership makes it more convenient for millions of Coins.ph customers to fund their Coins Wallet so they can enjoy access to digital financial services. This includes prepaid loading for Philippine and international mobile numbers, bill payments, local and international remittances, game credits purchase, online shopping, topping up their RFID and beep card and even buying and selling cryptocurrencies anytime, anywhere.
“Sari-sari stores have always been a part of Filipino culture and lifestyle,” said Nauman Mustafa, CEO of Coins.ph. “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.”
To cash in to your Coins Wallet through TrueMoney, simply generate a reference number or barcode using the Coins.ph app and present this along with your payment to any TrueMoney Center to complete the transaction. 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.
“TrueMoney has helped bridge both offline and online financial services in the Philippines,” said Joseph Ryan Co, president of TrueMoney 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.”