How to Start a TrueMoney Franchise in the Philippines

TrueMoney is an added service you can incorporate to an already existing business to generate extra income and customer traffic; This is made plausible through answering the growth of demand for electronic services even to far-flung areas of the Philippines making TrueMoney a desirable opportunity to add to your store.

Instead of exclusively franchising a business, the Thailand based company TrueMoney offered entrepreneurs with physical stores the ability to become their community’s reloading, bills payment, padala and remittance station, all while given the freedom to sell the entrepreneur's products.

About TrueMoney Franchise

truemoney franchiseTrueMoney was established in 2003 in Thailand and later on expanded through neighboring countries namely Vietnam, Cambodia, Myanmar, Indonesia, and the Philippines while continuously opening doors to other countries to spread their market.

The success of TrueMoney is shared with their two shareholders; The first one is the Ascend Group, known as the leading e-commerce company and digital services in South East Asia in 2017. Their mission to give opportunities to all reflects TrueMoney’s setting up the procedure of accepting even small sari-sari stores to become a part of their growing centers.

The second shareholder, Charoen Pokphand Group one of the largest conglomerates around the world and Thailand’s most prominent private company associated with their various field of business and services.

TrueMoney does not offer franchising, but agency, though.

TrueMoney Agent Requirements

The following are the requirements needed to become a TrueMoney agent.

  • Physical Store
  • Mayor’s Permit
  • DTI Permit
  • Valid ID

Reminders:

  • Regarding the fees, there are no posted total amount required to establish a partnership with TrueMoney Agent.
  • Every aspiring partnered store are subjected to undergo evaluation; Therefore submission for an application doesn’t guarantee approval.
  • The prioritized businesses are stores based in from North Luzon, Bicol, Visayas, and Mindanao.

The Benefits of becoming a TrueMoney agent

True-Money-franchise

Earn more money

When you become an agent of TrueMoney, you’ll be provided with the ability to offer services listed below:

  • Load
  • Bills Payment
  • Padala
  • Remittance

Generate more traffic

Loading stations, padala/remittance and other services which you can provide once you become an agent are all highly demanded services by the community, which can result to generating higher customer traffic to your store and this equates to more income.

Become a Part of a growing international network

You’ll become a part of the 45,000 TrueMoney Centers around the Philippines and South East Asia.

Low Start-Up Investment

TrueMoney did not state the specific cost required to become their agent; However, the demeaning factor to be considered is to have a physical store in your possession where you can readily set-up as a TrueMoney center.

TrueMoney Support

TrueMoney grants its agents marketing and merchandising support from the company. As seen to some TrueMoney agents, this may translate to giving you tarpaulins and banners indicating the services you can offer to your customers.

Quick Set-up

You don’t need to invest in computers and printer since TrueMoney provides their agents with a POS terminal to accomplish the services of reloading, payment, and others.

TrueMoney Contact Information

To start your TrueMoney franchise / center, you can call them at:

  • #88866 (free for landline calls)
  • (02) 718-9999
  • Globe: 0977 806 3773
  • Smart: 0998 565 9999

The Disadvantage of becoming a TrueMoney Agent

Through checking the perks and requirements of TrueMoney, there is no defining disadvantage a partnered agent can get through signing up to them.




8 responses to “How to Start a TrueMoney Franchise in the Philippines”

  1. richard custodio says:

    Hello,

    Im planning to put truemoney bsiness in my area. Can someone assist me?. Thank you very much.

    Richard Custodio
    09950064526

  2. Ester R. Balbuena says:

    nais ko po sana maging truemoney agent…papaano po ba?..meron po ako nung mga requirements na hinahanap nyo…please reply po…salamat

  3. Rosalinda Rosita Matienzo says:

    Nais kong maging TRUE MONEY AGENT saan at paano ako mag sa submit ng requirements? Nakahanda na lahat ng requirements. Salamat sa agarang pag sagot sa aking katanungan. Salamat po

  4. leonor oberos says:

    how to aquire a true money franchise?

  5. Lea Angeles says:

    Paano po pg walang physical store pero may space po to put on para maging agent, pwede po ba?

  6. Janeth D. Manzano says:

    Nais ko po sana mag start business ng True Money nais ko po malaman saan pwede mag submit ng requirements po. Thank you po

  7. Amelita L. Candelaria says:

    Gusto ko po maging true many agen

  8. Amelita L. Candelaria says:

    Paano. Po maging truemoney agent. Im interested

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