CPF Philippines is partnering with TrueMoney to launch a Dealer Financing Program aimed at improving financial operations to empower & support long-term plans or expand their partners’ businesses and increase commercial activities.  This program will offer CPF Philippines dealers a unique opportunity to improve their working capital management capabilities, by providing them credit access on purchasing data.

This collaboration demonstrates CPF Philippines' dedication to digital transformation and its commitment to the Three-Benefits Principle of Charoen Pokphand Group, which emphasizes benefits to the country, the people, and the organization. 

With TrueMoney acting as the digital financial arm for CPF Philippines, the dealers will be connected to banks and lenders which will give them the benefit of increased purchasing power through credit lines. This strategic partnership will give CPF Philippines and its network of partners a competitive edge and support sustainable growth for the wider CPF ecosystem.

Due to the success of this initiative in the Philippines, TrueMoney is inviting CPF in other countries to join hands in a digital transformation that provides a better and easier transaction experience for all stakeholders.

For more information on this digital transformation, please contact: Phang Wen Bin at phang.wen@ascendcorp.com.