NextGen Day

Discover how Moneybees and Tambunting Kahera ng Bayan are reshaping the financial landscape by introducing crypto solutions to affluent neighborhoods like Forbes Park Makati and beyond.

PRESS RELEASE

Moneybees and Tambunting Kahera ng Bayan Join Forces to Bring Crypto Services to Forbes Park Makati and 97 Branches Nationwide

Through this alliance, Moneybees will utilize 97 Tambunting branches across the Philippines to facilitate seamless conversion of digital currencies into pesos

Philippines — Leading over-the-counter (OTC) cryptocurrency exchange Moneybees and pawnshop conglomerate Tambunting Kahera ng Bayan have announced a strategic partnership aimed at improving access to financial services for crypto enthusiasts, particularly in Forbes Park in Makati and rural and remote areas nationwide.

This collaboration encompasses a network of pawnshop brands under Tambunting Kahera ng Bayan, including JPT Central in Forbes Park, Aurotam Pawnshops, Prime Phil-Asia Star Pawnshops, Prime Quality Supreme Nation Pawnshops, Prime Sealand Pawnshops, and Reliance Prime Equity Pawnshops. The primary objective is to expand market reach, target new customer segments, and promote financial inclusion for underserved communities nationwide.

Jay Ricky Villarante, Chairman and CEO of Moneybees, expressed optimism about the partnership, stating, “Moneybees is excited about the far-reaching impacts of this partnership, such as improving access to financial services, driving innovation in the country, and enhancing customer experiences.”

“Through our partnership, we aim to democratize access to financial services, particularly for those living in rural or remote areas, thereby contributing to the advancement of the financial inclusion goals set by the Bangko Sentral ng Pilipinas,” Villarante added.

Through this alliance, Moneybees will utilize 97 Tambunting branches across the Philippines to facilitate seamless conversion of digital currencies into pesos. This extended network will enable both new and experienced crypto traders to conduct OTC transactions, thereby broadening access to financial products beyond traditional banking services.

With strategically located branches across the country, including a branch in Forbes Park, Makati City, crypto enthusiasts will gain access to Moneybees’ diverse range of cryptocurrencies, encompassing Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT), USD Coin (USDC), Ripple (XRP), and other major cryptocurrencies.

As Bitcoin’s price hits a new all-time high of above $73,000, the collaboration assumes significance in driving broader adoption and acceptance of cryptocurrency OTC exchanges. The trusted reputation of Tambunting Kahera ng Bayan among Filipinos positions it as a reliable gateway for customers to engage with crypto-related services, thereby legitimizing and mainstreaming the use of cryptocurrencies in the financial sector.

Miguel Tambunting, CEO and President of Tambunting Kahera ng Bayan, emphasized the transformative potential of virtual assets and the growing market for Virtual Asset Service Providers in global finance.

“There is a huge surge in interest in cryptocurrencies because it is a powerful representation of value that can be traded or used for a number of use cases, such as investment and payments—anywhere, anytime. Partnering with Moneybees provides satisfying solutions to a growing number of financial needs for the customers, and shores up our virtual asset capabilities in the areas of trade, remittance, investment, and crypto-fiat exchange, and opens up e-commerce growth opportunities in the future,” Tambunting said.

In addition to expanding service offerings to clients, including trusteeship and capital management, Moneybees and Tambunting Kahera ng Bayan will collaborate to develop a virtual asset management ecosystem.

For more details on Moneybees and their efforts to streamline cryptocurrency exchanges for Filipinos through Tambunting Kahera ng Bayan outlets, visit https://www.moneybees.ph/outlets or view the list of branches at https://bit.ly/TambuntingKaheraNgBayan-Branches.

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ABOUT MONEYBEES

Exchange cash and cryptocurrencies safely and instantly. Moneybees lets you buy and sell cryptocurrency, including Bitcoin, USDT, and Ethereum, at government-licensed Moneybees outlets. It is duly registered with the Bangko Sentral ng Pilipinas (BSP) and with the Anti Money Laundering Council (AMLC) as a Virtual Asset Service Provider (VASP). 

For more information, visit https://www.moneybees.ph/. 

Transaction model

BUY CRYPTO: The customer hands over the payment, and Moneybees sends the crypto directly to the preferred crypto wallet of the customer

SELL CRYPTO: The customer sends crypto to Moneybees, and the customer receives Peso in cash or directly to their bank account

On the other hand, it’s also the best way to cash-in into these exchanges as Moneybees send the crypto directly to the customer’s preferred wallet.

It must also be noted that for Moneybees, Know-Your-Customer (KYC) is a must.  All customers who will avail of the Moneybees services are required first to do a KYC.

How to become a Moneybees partner?

• Moneybees welcomes interested entities to be a partner with the following requirements:
• Must either be a registered entity either at the Security and Exchange Commission (SEC) or at the  Department of Trade and Industry (DTI) 
• Must have a license from the BSP, e.g.:
  • Remittance Agent License
  • Money Exchange License 
  • Money Service Business License
  • Other BSP-Supervised Financial Institutions

• Must be registered at the Anti-Money Laundering Council 
• Manual Laundering and Terrorist Financing Prevention Program (MTPP)
• Must have a valid Business Permit to Operate
• Must be willing to provide complete documentary requirements
• Must have at least 1mbps internet connection in the physical outlet and a mobile phone

ABOUT TAMBUNTING KAHERA NG BAYAN

From its inception in 1901 through its incorporation in 1906, J.P.T Central Corporate Holding and  Management Corporation, through its generic name Tambunting, operated over 300 branches, effectively being the very first to participate in networking. The “Tambunting” brand was carried by the family, which later expanded and broke down into various family groups of the Tambuntings. In total, the network of the Tambunting totaled over a thousand branches.

Tambunting Pawnshops lend money, accept jewelry or any personal property with lasting value, and also accept mortgages of real estate and pledges of stocks. Tambunting is now known as a one-stop shop, as it caters to multiple services through business ventures with other companies. 

The company started as a sub-agent of Western Union in 2002, but today, J.P.T Central Corporate Holding and  Management Corporation offers a plethora of services which include bill payments, electronic money loading, domestic and international money remittance, and other traditional financial services, like money exchange and Lotto.

Key Phrases

1. Moneybees
2. Tambunting Kahera ng Bayan
3. Crypto services
4. Forbes Park Makati
5. Nationwide expansion
6. Financial innovation
7. Mainstream banking
8. Digital finance
9. Inclusive solutions
10. Filipino communities

Hashtags

1. #Moneybees
2. #TambuntingKahera
3. #CryptoServices
4. #ForbesParkMakati
5. #FinancialInnovation
6. #NationwideExpansion
7. #DigitalFinance
8. #MainstreamBanking
9. #InclusiveFinance
10. #FilipinoCommunities

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Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

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