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Thursday, May 2, 2024

TrueMoney bullish on growth

Aims to be financial services super app

Pictured from left are Mrs Anantinee, Ms Nutthawadee and Ms Monsinee. Ms Monsinee said that by 2025, financial services would account for 50% of TrueMoney’s profit, up from the current level of 10%.

Southeast Asia e-payment and financial service provider TrueMoney is aggressively expanding its services, with the aim of becoming a financial services super application.

The company has strengthened its relationship with Alipay by offering Thai tourists the option of using their TrueMoney e-wallet for payment at Alipay outlets in China.

Mobile payment market leader Alipay holds a 30% share in Ascend Money. TrueMoney became a part of the Ascend Group in…

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