TrueMoney

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TrueMoney International
Private
Industry E-payment, Fintech
Founded 2003; 15 years ago (2003)
Headquarters Huai Khwang, Thailand, Bangkok
Area served
Asia
Key people
Punnamas Vichitkulwongsa (CEO)
Number of employees
300
Parent True Corporation (formerly)
Ascend Group
Website TrueMoney Thailand
TrueMoney Philippines
TrueMoney Cambodia
TrueMoney Indonesia
TrueMoney Myanmar
TrueMoney Vietnam

TrueMoney is a financial technology brand, providing e-payment services in Southeast Asia. In Thailand, the platform includes TrueMoney Wallet, WeCard by MasterCard, TrueMoney Cash Card, Kiosk, Express, Payment Gateway and Remittance.[1]

History[edit]

TrueMoney was founded in 2003 as part of True Corporation but now reorganized under Ascend Group in 2014, a spin-off of True Corporation and a subsidiary of Charoen Pokphand Group.[2]

Services[edit]

In Thailand, TrueMoney Wallet is a flagship service, and is an electronic wallet that allows users to scan and pay bills, top up, and purchases. The company makes use of its extensive 7'Eleven network in the country. The service produced other spin-offs like WeCard, in partnership with MasterCard, and TrueMoney Cash Card, for specialized top-up services like gaming. It also includes Payment Gateway for servicing online merchants.

TrueMoney features a remittance service, and has initiated cross-border remittance from Myanmar and Cambodia, to Thailand.[3]

Products[edit]

Regional expansion[edit]

TrueMoney has offices in Thailand, Vietnam, Cambodia, Myanmar, Indonesia and the Philippines. TrueMoney has licenses to operate e-money in almost every Southeast Asian country.[4] As the flagship venture, Thailand's TrueMoney counts Google[5] and Alipay[6] as partner payment platforms.

See also[edit]

References[edit]

  1. ^ "True Money Company Limited: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-04-21.
  2. ^ Thailand, Nation Multimedia Group Public Company Limited, Nationmultimedia.com,. "E-wallet key service as True Money eyes 15% growth - The Nation". The Nation. Retrieved 2016-04-21.
  3. ^ "TrueMoney ประกาศผลักดันไทยใช้ Cashless Society ด้วยศักยภาพการเป็น FinTech ระดับแนวหน้าของประเทศไทย". Siamphone (in Thai). Retrieved 2016-04-21.
  4. ^ "True Money makes regional moves | Bangkok Post: business". Bangkokpost.com. 2015-04-16. Retrieved 2015-06-25.
  5. ^ "Wallet by truemoney - Android Apps on Google Play". Play.google.com. Retrieved 2015-06-25.
  6. ^ "Wallet by TrueMoney เปิดตัวบริการใหม่บัตรเงินสด Alipay". Manager Online. Retrieved 2016-04-21.

External links[edit]