TrueMoney, Southeast Asia’s leading e-payment platform, is transforming financial inclusion with secure and seamless digital payment solutions.
In partnership with Paymentology, TrueMoney is empowering millions of users across Thailand and Cambodia to embrace a cashless future.
Key outcomes
Virtual prepaid Mastercard
Launched in Cambodia to provide unbanked users with access to digital financial services
Google Pay integration
Enabling secure, seamless payments in Thailand with MDES Tokenization
Enhanced accessibility
Collaborations with Sathapana Bank, Mastercard, and Google support financial inclusion
Expanding cashless solutions across Thailand and Cambodia
Since its founding in 2013, TrueMoney has become Thailand’s leading digital financial app, providing payment, savings, investment, and remittance services to millions. The rise of digital commerce in Thailand, with transaction values growing from USD 15 million in 2020 to USD 31 million in 2023, underscores the nation’s embrace of cashless solutions.
Building on its success in Thailand, TrueMoney partnered with Paymentology and Sathapana Bank to launch a co-branded virtual prepaid Mastercard in Cambodia. Designed to empower unbanked users, this innovative solution integrates underserved populations into the digital economy. Cambodia, where digital payment transactions grew by 28.7% to 601.3 million in 2023, is a critical market for fostering financial inclusion. This initiative aligns with Cambodia’s Financial Technology Development Policy 2023-2028, aiming to drive innovation and expand access to financial services.
“Our partnership with Paymentology, one of the preferred issuer processors of Mastercard, has been a key factor in propelling our growth journey and enabling us to pave the way for innovation in Southeast Asia. We take immense pride in joining forces with global partners to offer our users inclusive financial services that cater to their needs.”
Apinand Dabpetch, Head of Growth & Wallet Platform at TrueMoney.
Enabling Google Pay with TrueMoney Mastercard
TrueMoney has further enhanced its offerings in Thailand by introducing Google Pay, powered by Paymentology’s MDES Tokenization technology. This integration enables TrueMoney Mastercard users to pay securely and conveniently both online and in-store.
This launch not only strengthens TrueMoney’s collaboration with Google, Mastercard, and Paymentology but also represents a major milestone for advancing seamless, cashless transactions in Thailand.
Driving innovation with advanced payment technology
Paymentology’s issuer processing and analytics platform underpins TrueMoney’s digital payment solutions, enabling:
- Virtual and physical card support: Digital services accessible through virtual and prepaid Mastercards.
- Google Pay integration: Secure, tokenised payments using MDES Tokenization.
- Wider access to cashless solutions: Supporting Thailand’s 94% digital payment adoption rate.
“We are proud to be TrueMoney's trusted issuer processing partner, and we celebrate their recent achievements in digital payments,” said David Smith, Regional Director APAC at Paymentology. “With our cutting-edge technology and collaborations with Mastercard and Google, TrueMoney is pioneering digital financial services across Southeast Asia.”
Shaping the future of financial inclusion
Together, TrueMoney and Paymentology are driving financial inclusion across Southeast Asia, offering innovative solutions that enhance user accessibility and experience. With a shared vision for the future, they are creating a more inclusive digital financial ecosystem in Thailand and Cambodia.
By leveraging Paymentology’s advanced technology and global partnerships, TrueMoney is setting a new standard for financial inclusion and cashless innovation across the region.
