SLRP was designed to encourage small businesses to adopt electronic money by making cash based transactions more convenient and accessible for rural environments. Apart from augmenting the use of cash, SLRP also offers small businesses with the opportunity to earn through additional services such as bills payment, load purchases and remittances.
Barya lang po sa umaga
Sukli or change is an often neglected yet crucial aspect of retail financial transactions. SLRP makes sukli easier by providing individuals with accounts to credit small change. Change credits can then be reused to make other micropayments or encashed from cash-out agents where available.
Money begets money
Merchants can consequently use their excess cash to provide other financial services for a nominal fee. Where bank branches and ATMs are few and far in between, SLRP enhances the reach of the financial system by allowing individuals to transact cost effectively.