Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

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,

2C2P TH

Acquiring region

SG, AU, HK, US,

EU, UK, TH

Payment flow

Redirect

Checkout Payment

✔️

Buyer country/region

Thailand

Auto Debit

✔️

Funds deduction

Real-time

Refund

✔️

Processing currency

THB

Partial refund

✔️

Minimum payment amount

1 THB per transaction

Chargeback/Dispute

Maximum payment amount

30,000 THB per transaction;

50,000 THB per day

Refund period

365 days

User experience

The following screenshot shows the journey of paying with TrueMoney:

image.png

Figure 1. Payment process with TrueMoney