TrueMoney
TrueMoney was founded by Thailand payment company Ascend Money in 2003 and is the most popular e-wallet in Thailand. The company has 27 million users, of which 17 million are active users.
With the TrueMoney wallet, users can pay by bank transfer or cash in convenience stores such as 7-Eleven, Family Mart, CP Fresh Mart, and True Shops. Users can also shop online, recharge games, and pay more than 70 kinds of bills (such as utilities, transportation, taxes, and insurance premiums).
Properties
The following table lists the product properties supported by TrueMoney:
Payment type | Alipay+ payment method | ||
Funding source | Wallet balance, Bank account, BNPL | ||
Acquirer | AlipaySG, AlipayEU, AlipayUS, AlipayUK | Merchant entity location | SG, AU, HK, EU, US, UK |
Payment flow | Redirect | Refund | ✔️ |
Buyer country/region | Thailand | Partial refund | ✔️ |
Processing currency | THB | Chargeback/Dispute | ❌ |
Minimum payment amount | 1 THB per transaction | Refund period | 365 days |
Maximum payment amount | 30,000 THB per transaction; 50,000 THB per day | Time to return payment result | Real-time |
User experience
Note: The following payment flows on different terminals are reference only, and represent this payment method's flow on different terminal types. For supported merchants' terminal types, consult Antom Technical Support.
The following screenshot shows the journey of paying with TrueMoney:
