Lilia Ramos, 49 years old and Lina de la Rosa, 55 years of age both from Montalban Rizal are two of the more than 26,000 Partner Agents of Smart Padala who shared their success stories in the recent tech update of the brand.
Now celebrating 14 years, Smart Padala reports that they already have more than 26,000 agents nationwide. Most of these agents are sari-sari stores.
The service is able to reach even super remote communities and barangays located outside the city centers. This enables convenience of financial transactions for the majority of the Filipinos around the country.
Lilia Ramos and Lina de la Rosa with the author.
According to the Inclusive Digital Finance Report by FINTQ in 2017, there are more than 70% of provinces have medium to low access to formal financial services, effectively leaving them out of the growing digital economy.
Milyung-Milyong Tiwala
With more than 26,000 agents that means there is over 1,500 Smart Padala branch per region in the country. This translates into millions of Filipinos who trust Smart Padala with their hard-earned money. To the agents, this means additional income from their usual businesses like “sari-sari” store.
Smart Padala is a critical ingredient in building a “cashless” Philippines. Our more than 26,000 agents around the country act as community hubs for financial and digital services,” said Paolo Azzola, COO and Managing Director at Paymaya Philippines.
How to become a Smart Padala Agent
A barangay business permit and a valid ID is what they need to become an authorized agent. And a minimum of x amount and you are good to go. “Padala” can be as small as P100 to as big as P100,000.
No franchise fee is required to start this kind of business.
Initial capital is as low as P5,000 and potential earnings of
Nanay Lina de la Rosa, a sari-sari store owner from Montalban Rizal, started her Smart Padala business four (4) years ago with just a little amount. Today her daily transaction is averaging 50 “Padala” daily. She shared that the smallest “Padala” she had was P300 and the biggest was P20,000.
Nanay Lilia Ramos has been with Smart Padala for nine (9) long years. She became an authorized agent in 2013. She also mentored Nanay Lina to become a Smart Padala agent in their barangay.
Smart Padala rates start at only P30 for the first P1,000.
Smart Padala is a domestic mobile remittance. The majority of “Padala” is coming from the city to the provinces.
Angel Locsin was their celebrity endorser when they launched a campaign in 2016.
