Smart Asset Managers (SAM) is expected to expand its operations in the Philippines following the “green light” provided by the central bank, allowing the company to become a figure in the country’s robust digital economy.
In an exclusive interview on the Daily Tribune’s “Straight Talk,” SAM founding chair Rommel Santos said the expansion can be attributed to the country’s vibrant financial technology, which is becoming more inclusive in recent years.
This after the robust online businesses grew approximately five folds from $1.1 billion in 2015 to $4.6 billion by 2025.
According to Santos, SAM is a subscription-based and community-oriented program that aims to provide economic opportunities through its conventional business developments, offering information regarding the sector in exchange of subscription.
Tapping the services of SAM, subscribers can directly engage in available conventional businesses offered by the company.
“For all these conventional businesses, SAM has a step-by-step guide on how it can be acquired, how it complies with regulations, and list of possible opportunities where subscribers can directly engage in traditional businesses either as an investor or a self-owned business, or they can join a consortium,” Santos explained.
According to him, SAM’s minimum subscription rate is just $20 (approximately P1,000), which entitles a subscriber to have a lucrative incentive system, where subscribers are rewarded with up to 15 percent per month.