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TrueMoney

TrueMoney under Ascend Money is a regional fintech conglomerate in Southeast Asia, a joint venture between The Charoen Pokphand Group (CP Group) and Ant Financial (Alibaba).

With operations in 7 countries including Malaysia, TrueMoney aims to empower millions of people towards financial independence.

Currently, TrueMoney has the largest agent network with over 88,000 agents in Southeast Asia, seamlessly enabling remittance, lending and large payment volumes.

Official Website for Malaysia

Facebook

Instagram

what is their compliancy with BNM?

cant find their name in BNM listing

https://www.bnm.gov.my/regulations/fsp-dire...k-emoney-issuer

White label?

Or parked under Alipay previously Hellopay

Never heard of this.

Took 1 minute to go through their official page.

Official payment provider for Lotus outlet.
Owner CP group also owner of lotus.

TrueMoney is one of Thailand's leading e-wallets, it's pretty surprising that they're still entering our market this late when it's already saturated.

But if they can give some serious competition like how e wallets started here in the beginning, why not?

Quite popular in Cambodia. Almost every corner will have an outlet. U can send money via phone and the receiver can go an the outlet to collect cash.

this is why they leverage on a big anchor here, Lotus's (aka Thai business owner)

later only monetize once they get traction (if any)

This post has been edited by cybpsych: Dec 16 2022, 01:15 PM

Since yesterday until now cannot get OTP to sign up. Other 5 digit SMS no problem coming in.

Can already forsee them promoting it aggressively at Lotus's stores during the upcoming months.

But what's weird is that the tech medias aren't doing any news about it, I expected some coverage on it since it's quite popular in Thailand.

Mine went well on first try, but app still kinda unstable currently, can see some language errors in the app too.

This post has been edited by xperiaDROID: Dec 17 2022, 01:17 PM

So stingy the rewards
I won't download lor.

Just received 100 Lotus's points after 2 days registration.

The app not as polished as BP or GP.

Lotus's food court cashback credited instantly.

Two is True-ly better than one! 👯‍♀️

That’s why TrueMoney is joining forces with Lotus’s Malaysia once more to make your jimat dreams a reality.

Spend RM38 in a single receipt twice at @lotussmalaysia using TrueMoney and voilà, the RM8 cashback is yours to spend!

Offer is valid for TWO (2) redemptions per user per device throughout the campaign period.

#TrueMoney #TrueMoneyWallet #playstore #app #ewallet #lotussmalaysia #spendandwin #cashback

And there is also complete 5 quest and get RM10 cashback

does this app truemoney allow withdrawal into bank or via duitnow?

Just tried this wallet today. Cashback missions are relatively easy to do especially if you shop frequently at Lotus's.
A single payment can even complete two different missions. The cashbacks are received instantaneously. The UI is relatively clean and easy to use.

The downside is, there is no other major retailer support at the moment. At this particular Lotus's that I went to, even the foodcourt did not support it.


Nope, I don't see any option for this.

TrueMoney Expands its e-wallet Ecosystem with myNEWS and CU Mart

TrueMoney Malaysia users can now transact at approximately 10,000 merchants and over 25,000 payment points, with myNEWS and CU Mart being the latest additions to the expanding list of merchant partners.

https://www.businessnews.com.my/truemoney-e...mynews-cu-mart/

any fees for reload or any other fees?
no info found on their website

I think this not consider as e-wallet, as i can see they cannot scan & pay, only can show the QR code let merchant scan, hope they can faster open up scan function that allow scan DuitnowQR code

as of 5.1.2024 it's now accepting DUITNOWQR