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

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 the 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:

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Figure 1. Payment process with TrueMoney