TrueMoney
TrueMoney was founded by Thailand payment company Ascend Money in 2003 and is the most popular e-wallet in Thailand.
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 | Wallet | ||
Acquirer | Alipay SG, Alipay EU, Alipay US, Alipay UK | Acquiring region | SG, AU, HK, US, EU, UK |
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 | ❌ |
Maximum payment amount | 30,000 THB per transaction; 50,000 THB per day | Refund period | 365 days |
User experience
The following screenshots show the journey of paying with TrueMoney:
Figure 1. Payment process with TrueMoney