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TrueMoney

Full company profile

uuid0009tjd

Namestring
TrueMoney
Legal namestring
PT. Witami Tunai Mandiri
Websiteurl
truemoney.co.id
Company typeenum
Private
Founded yearint
2015
Descriptiontext

TrueMoney Indonesia is a licensed electronic money and fund transfer operator, run as PT. Witami Tunai Mandiri under the Ascend Group (part of Thailand's Charoen Pokphand conglomerate). It operates a server-based e-money platform accessible via an Android mobile wallet (com.truemoney.witami.app) and a nationwide offline distribution network anchored by Alfamart and Alfamidi retail outlets, plus bank virtual accounts through BNI, BTPN, and Mandiri, the Alto ATM network, and an agent partner layer. Its core functional pillars are remittance without bank-account numbers (tracked via MTCN codes and settled at retail agents), utility bill payments (PLN, BPJS, telecoms, water, Pay TV), and electronic voucher purchases (airtime, data, electricity tokens, game vouchers). Supporting features include QRIS-based acceptance (added March 2022, no consumer fee), Mandiri e-Money NFC top-up, and a business loan referral product distributed through a partnership with PCG and Modalku (May 2022). The platform enforces two-tier user verification (Non-KYC capped at IDR 2M balance; KYC capped at IDR 10M balance, IDR 20M monthly cumulative) backed by OTP, 6-digit PIN, and dynamic QR security controls, with idle agent balances subject to a IDR 50,000 monthly dormant fee.

The business model is transaction-fee driven: TrueMoney charges administrative fees on remittances, top-ups (e.g., IDR 1,500 per Mandiri e-Money top-up), and merchant-acceptance commission, supplemented by affiliate referral revenue from the PCG-linked lending product. Go-to-market is hybrid product-led growth (Google Play app distribution combined with self-serve registration) layered on a B2B2C channel-partner model (Alfamart/Alfamidi for cash agent services, banks and Alto for top-up and withdrawal rails, telecom and content partners such as SmartFren and UniPin for promotional distribution). Target customers are unbanked and underbanked Indonesians needing bank-account-free transfers and bill payment, digital-first Android consumers, and a long tail of small merchants and micro-business owners (including pet shops served via the PCG lending partnership). The company is privately held within a Thai conglomerate, with no venture funding, no IPO, and 101-250 employees; its Bank Indonesia dual-licensing (e-money issuer since July 2014, renewed July 2018; fund transfer provider since July 2014) and status as Indonesia's first sharia-compliant e-money underpin its regulatory positioning.

Short descriptiontext

TrueMoney Indonesia, operated by PT. Witami Tunai Mandiri under Ascend Group / Charoen Pokphand, is a Bank Indonesia-licensed electronic money and remittance wallet. It serves unbanked and digital-first Indonesian consumers with bank-account-free transfers, bill payments, e-vouchers, and QRIS acceptance via the Alfamart/Alfamidi retail and bank agent network.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersBangkok, Thailand
HQ citystring
Bangkok
HQ countrystring
Thailand
HQ regionstring
Asia
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
mobile payments, digital wallet, electronic money, money transfer, bill payment services
Industry2 codes
1Multi-Currency Accounts, Wallets & IBAN Services
CodeFSAMAIAGPrimaryYes
2QR Code Payments Wallets
CodeFSAMAEACPrimaryNo
NAICS code1 code
  • Nondepository Credit Intermediation5222
Product category
Mobile Payments
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Transaction Fees
TypeTransaction Fee
Description

TrueMoney charges administrative fees for money transfer services, bill payments, and other financial transactions conducted through the platform. The fees vary by transaction type and partner channel used.

truemoney.co.id
2Merchant Commission
TypeTransaction Fee
Description

Commission earned from merchants when users make purchases or payments at partnered merchant locations through the TrueMoney application

truemoney.co.id
3Top-up/Balance Loading Fees
TypeTransaction Fee
Description

Fees charged when users reload their TrueMoney wallet balance through various channels including Alfamart, Alfamidi, and bank transfers

truemoney.co.id
4Lending Partnership Revenue
TypeAffiliate Referral
Description

Revenue from partnership with PCG for business loans - TrueMoney serves as distribution channel for PCG's pet shop financing products

truemoney.co.id
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Pricing details5 tiers
1Non-KYC/Unregistered Users - Limited functionality with lower transaction limits
ModelHybridBilling cadencePay-as-you-go
Notes

Maximum account balance limit: IDR 2,000,000. Services limited to top-up and payment only. Cannot perform peer-to-peer transfers, cash withdrawals, or bank transfers.

truemoney.co.id
2KYC/Registered Users - Full service access with higher limits
ModelHybridBilling cadencePay-as-you-go
Notes

Maximum account balance limit: IDR 10,000,000. Full service access including top-up, disbursement, balance transfer to fellow users, bank account transfers, and payments. Maximum total transaction amount per month (accumulatively): IDR 20,000,000.

truemoney.co.id
3Agent Accounts - Partner accounts for distributing services
ModelTransaction based/ take rateBilling cadenceMonthly
Notes

Dormant Account Fee: IDR 50,000 per month for accounts with no transactions for 3 consecutive months. Fee will be deducted from remaining balance if less than IDR 50,000.

truemoney.co.id
4QRIS Transactions - No additional fees for QRIS payments
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

No additional fees charged for QRIS transactions. Users only pay the nominal transaction amount.

truemoney.co.id
5Mandiri e-Money Top-up Fee
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Top-up fee: IDR 1,500 per transaction. Available top-up values: Rp. 20,000, Rp 50,000, Rp. 100,000, Rp. 200,000, Rp. 500,000, Rp 1,000,000, and Rp 2,000,000. Maximum Mandiri e-Money balance: Rp 2,000,000.

truemoney.co.id
GTM typeB2C
B2C
Offering typeSoftware
Software
Core offering1 text field

TrueMoney operates a mobile wallet and electronic money platform that enables users to conduct financial transactions through a smartphone application. The service offers domestic and international remittances (allowing money transfers without a bank account), bill payments, voucher purchases, and a Sharia-compliant e-money product. It operates under a license from Bank Indonesia as an electronic money issuer and fund transfer provider.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • First sharia-compliant e-money in Indonesia with fastest growth rate (2016)
+3 more records
Product overview1 text field

TrueMoney is a digital financial services platform operated by PT. Witami Tunai Mandiri under the Ascend Group (part of Charoen Pokphand Group). The company offers three core services: Remittance (money transfer without bank account at Alfamart/Alfamidi outlets), Bill Payment (utilities, telecom, insurance), and Purchase (airtime, data packages, electricity tokens, game vouchers). These services are accessible through the Android mobile application and a network of agent partners. Additional features include QRIS payments, Mandiri e-Money top-up, and business loans through the TrueMoney X PCG partnership. The platform supports two user tiers based on KYC completion with different balance limits and service access levels.

Product and service5 records
1TrueMoney Mobile Wallet
CategoryMobile Payments
Description

A smartphone-based electronic money application that allows consumers to store funds, make payments, transfer money, pay bills, and purchase vouchers without requiring a traditional bank account.

2TrueMoney Remittance Service
CategoryMoney Transfer
Description

A domestic and international money transfer service that enables users to send and receive funds without requiring a bank account, supported by tracking via MTCN-like identifiers.

3TrueMoney Bill Payment
CategoryBill Payment Services
Description

A service that allows users to pay utility, telecommunications, and other recurring bills directly from their TrueMoney wallet balance via the mobile application.

4TrueMoney Sharia E-Money
CategoryMobile Payments
Description

The first Sharia-compliant electronic money product in Indonesia, designed for Muslim consumers requiring financial services that comply with Islamic finance principles.

5TrueMoney Voucher Purchase
CategoryDigital Vouchers
Description

Allows users to purchase prepaid mobile phone vouchers and other digital vouchers through the TrueMoney mobile wallet application.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership16 partners
1PCG (Charoen Pokphand Group)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2022-05-23
Description

PCG is part of the same CP Group as TrueMoney. Partnership offers business loans for pet shop owners through TrueMoney distribution platform, providing working capital for PCG's pet shop customers.

truemoney.co.id
2Modalku
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2022-05-23
Description

Digital lending platform partner for the business loan product. Modalku is a pioneer digital funding platform for SMEs operating in Indonesia, Singapore, Malaysia, and Thailand with official license from OJK.

3Alfamart
Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Major retail chain partner providing cash deposit and withdrawal services, and remittance transaction points across Indonesia. TrueMoney users can cash-in, cash-out, and send money at Alfamart locations nationwide.

4Alfamidi
Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Retail partner for cash deposit/withdrawal and remittance services similar to Alfamart, expanding TrueMoney's physical service network across Indonesia.

5BNI (Bank Negara Indonesia)
Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Bank partner for virtual account top-up services, allowing TrueMoney users to reload their wallet balance through BNI bank transfers.

6BTPN
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Bank partner for balance top-up and loading services, providing additional channels for TrueMoney users to add funds to their accounts.

7Mandiri (Bank Mandiri)
Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Bank partner for virtual account services and Mandiri e-Money top-up functionality through the TrueMoney application using NFC technology.

8ALLIANZ
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Insurance provider partner offering insurance products through the TrueMoney platform for users.

9Great Eastern
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Insurance and financial services partner for distributing insurance products through TrueMoney.

10SmartFren
Strategic tierMinorTypeGTM or Marketing Partner
Description

Telecommunications partner for mobile credit sales and joint promotional campaigns including the KEPOin campaign for user acquisition.

11XTRANS
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Transportation and logistics partner for money transfer and payment services.

12UNIPIN
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Digital content partner for game voucher purchases and payments through the TrueMoney platform.

13M-Cash
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Mobile payment and digital wallet partner for additional payment and transaction services.

14Ottopay
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Payment service provider partner for merchant payments and QR code transactions.

15Pluang
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Digital investment and savings platform partner for expanded financial services offerings.

16Codapay
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Payment gateway partner for digital content and service payments.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat4 records

Each record includes

Type, Details

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration3 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

TrueMoney

Mobile Paymentstruemoney.co.id

TrueMoney Indonesia, operated by PT. Witami Tunai Mandiri under Ascend Group / Charoen Pokphand, is a Bank Indonesia-licensed electronic money and remittance wallet. It serves unbanked and digital-first Indonesian consumers with bank-account-free transfers, bill payments, e-vouchers, and QRIS acceptance via the Alfamart/Alfamidi retail and bank agent network.

What TrueMoney does

TrueMoney Indonesia is a licensed electronic money and fund transfer operator, run as PT. Witami Tunai Mandiri under the Ascend Group (part of Thailand's Charoen Pokphand conglomerate). It operates a server-based e-money platform accessible via an Android mobile wallet (com.truemoney.witami.app) and a nationwide offline distribution network anchored by Alfamart and Alfamidi retail outlets, plus bank virtual accounts through BNI, BTPN, and Mandiri, the Alto ATM network, and an agent partner layer. Its core functional pillars are remittance without bank-account numbers (tracked via MTCN codes and settled at retail agents), utility bill payments (PLN, BPJS, telecoms, water, Pay TV), and electronic voucher purchases (airtime, data, electricity tokens, game vouchers). Supporting features include QRIS-based acceptance (added March 2022, no consumer fee), Mandiri e-Money NFC top-up, and a business loan referral product distributed through a partnership with PCG and Modalku (May 2022). The platform enforces two-tier user verification (Non-KYC capped at IDR 2M balance; KYC capped at IDR 10M balance, IDR 20M monthly cumulative) backed by OTP, 6-digit PIN, and dynamic QR security controls, with idle agent balances subject to a IDR 50,000 monthly dormant fee.

The business model is transaction-fee driven: TrueMoney charges administrative fees on remittances, top-ups (e.g., IDR 1,500 per Mandiri e-Money top-up), and merchant-acceptance commission, supplemented by affiliate referral revenue from the PCG-linked lending product. Go-to-market is hybrid product-led growth (Google Play app distribution combined with self-serve registration) layered on a B2B2C channel-partner model (Alfamart/Alfamidi for cash agent services, banks and Alto for top-up and withdrawal rails, telecom and content partners such as SmartFren and UniPin for promotional distribution). Target customers are unbanked and underbanked Indonesians needing bank-account-free transfers and bill payment, digital-first Android consumers, and a long tail of small merchants and micro-business owners (including pet shops served via the PCG lending partnership). The company is privately held within a Thai conglomerate, with no venture funding, no IPO, and 101-250 employees; its Bank Indonesia dual-licensing (e-money issuer since July 2014, renewed July 2018; fund transfer provider since July 2014) and status as Indonesia's first sharia-compliant e-money underpin its regulatory positioning.

TrueMoney firmographics

Firmographics
Name
TrueMoney
Legal name
PT. Witami Tunai Mandiri
Website
https://truemoney.co.id
Company type
Private
Founded year
2015
Operating status
Operating
Headcount range
101–250 employees
Short description
TrueMoney Indonesia, operated by PT. Witami Tunai Mandiri under Ascend Group / Charoen Pokphand, is a Bank Indonesia-licensed electronic money and remittance wallet. It serves unbanked and digital-first Indonesian consumers with bank-account-free transfers, bill payments, e-vouchers, and QRIS acceptance via the Alfamart/Alfamidi retail and bank agent network.
Ownership category
akta.pro rank

TrueMoney industry classification

Industry
Product category
Mobile Payments
NAICS
Nondepository Credit Intermediation (5222)
akta.pro primary industry
Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
akta.pro secondary industry
QR Code Payments Wallets (FSAMAEAC)

Keywords

  • Mobile payments
  • Digital wallet
  • Electronic money
  • Money transfer
  • Bill payment services

Where TrueMoney is headquartered

Location

Headquarters

HQ city
Bangkok
HQ country
Thailand
HQ region
Asia

Offices2 records

Markets served

TrueMoney business model

Business model
GTM type
B2C
Offering type
Software
Cost components
Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

  1. Transaction Fees: TrueMoney charges administrative fees for money transfer services, bill payments, and other financial transactions conducted through the platform. The fees vary by transaction type and partner channel used.
  2. Merchant Commission: Commission earned from merchants when users make purchases or payments at partnered merchant locations through the TrueMoney application
  3. Top-up/Balance Loading Fees: Fees charged when users reload their TrueMoney wallet balance through various channels including Alfamart, Alfamidi, and bank transfers
  4. Lending Partnership Revenue: Revenue from partnership with PCG for business loans - TrueMoney serves as distribution channel for PCG's pet shop financing products

Pricing tiers

ModelBillingPrice
HybridPay-as-you-goNon-KYC/Unregistered Users - Limited functionality with lower transaction limits
HybridPay-as-you-goKYC/Registered Users - Full service access with higher limits
Transaction based/ take rateMonthlyAgent Accounts - Partner accounts for distributing services
Transaction based/ take ratePay-as-you-goQRIS Transactions - No additional fees for QRIS payments
Transaction based/ take ratePay-as-you-goMandiri e-Money Top-up Fee

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

TrueMoney product offering

Product offering

Core offering

TrueMoney operates a mobile wallet and electronic money platform that enables users to conduct financial transactions through a smartphone application. The service offers domestic and international remittances (allowing money transfers without a bank account), bill payments, voucher purchases, and a Sharia-compliant e-money product. It operates under a license from Bank Indonesia as an electronic money issuer and fund transfer provider.

Product overview

TrueMoney is a digital financial services platform operated by PT. Witami Tunai Mandiri under the Ascend Group (part of Charoen Pokphand Group). The company offers three core services: Remittance (money transfer without bank account at Alfamart/Alfamidi outlets), Bill Payment (utilities, telecom, insurance), and Purchase (airtime, data packages, electricity tokens, game vouchers). These services are accessible through the Android mobile application and a network of agent partners. Additional features include QRIS payments, Mandiri e-Money top-up, and business loans through the TrueMoney X PCG partnership. The platform supports two user tiers based on KYC completion with different balance limits and service access levels.

Differentiator

Problem solved

Functional benefit

Products and services

  • TrueMoney Mobile Wallet A smartphone-based electronic money application that allows consumers to store funds, make payments, transfer money, pay bills, and purchase vouchers without requiring a traditional bank account.
  • TrueMoney Remittance Service A domestic and international money transfer service that enables users to send and receive funds without requiring a bank account, supported by tracking via MTCN-like identifiers.
  • TrueMoney Bill Payment A service that allows users to pay utility, telecommunications, and other recurring bills directly from their TrueMoney wallet balance via the mobile application.
  • TrueMoney Sharia E-Money The first Sharia-compliant electronic money product in Indonesia, designed for Muslim consumers requiring financial services that comply with Islamic finance principles.
  • TrueMoney Voucher Purchase Allows users to purchase prepaid mobile phone vouchers and other digital vouchers through the TrueMoney mobile wallet application.

Quantifiable outcome

  • First sharia-compliant e-money in Indonesia with fastest growth rate (2016)
  • +3 more outcomes

Companies that use TrueMoney

Customer profile

Named customers5 records

Segments4 records

Ideal customer profiles1 record

TrueMoney technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

TrueMoney partnerships and signals

Strategic signal

Partnerships

16 partnerships are on record, tiered core and minor.

  • PCG (Charoen Pokphand Group)coreStrategic or Co-development Partner · 23 May 2022PCG is part of the same CP Group as TrueMoney. Partnership offers business loans for pet shop owners through TrueMoney distribution platform, providing working capital for PCG's pet shop customers.
  • ModalkuminorStrategic or Co-development Partner · 23 May 2022Digital lending platform partner for the business loan product. Modalku is a pioneer digital funding platform for SMEs operating in Indonesia, Singapore, Malaysia, and Thailand with official license from OJK.
  • AlfamartcoreChannel Partner/ Reseller/ DistributorMajor retail chain partner providing cash deposit and withdrawal services, and remittance transaction points across Indonesia. TrueMoney users can cash-in, cash-out, and send money at Alfamart locations nationwide.
  • AlfamidicoreChannel Partner/ Reseller/ DistributorRetail partner for cash deposit/withdrawal and remittance services similar to Alfamart, expanding TrueMoney's physical service network across Indonesia.
  • BNI (Bank Negara Indonesia)coreChannel Partner/ Reseller/ DistributorBank partner for virtual account top-up services, allowing TrueMoney users to reload their wallet balance through BNI bank transfers.
  • BTPNminorChannel Partner/ Reseller/ DistributorBank partner for balance top-up and loading services, providing additional channels for TrueMoney users to add funds to their accounts.
  • Mandiri (Bank Mandiri)coreChannel Partner/ Reseller/ DistributorBank partner for virtual account services and Mandiri e-Money top-up functionality through the TrueMoney application using NFC technology.
  • ALLIANZminorChannel Partner/ Reseller/ DistributorInsurance provider partner offering insurance products through the TrueMoney platform for users.
  • Great EasternminorChannel Partner/ Reseller/ DistributorInsurance and financial services partner for distributing insurance products through TrueMoney.
  • SmartFrenminorGTM or Marketing PartnerTelecommunications partner for mobile credit sales and joint promotional campaigns including the KEPOin campaign for user acquisition.
  • XTRANSminorChannel Partner/ Reseller/ DistributorTransportation and logistics partner for money transfer and payment services.
  • UNIPINminorChannel Partner/ Reseller/ DistributorDigital content partner for game voucher purchases and payments through the TrueMoney platform.
  • M-CashminorChannel Partner/ Reseller/ DistributorMobile payment and digital wallet partner for additional payment and transaction services.
  • OttopayminorChannel Partner/ Reseller/ DistributorPayment service provider partner for merchant payments and QR code transactions.
  • PluangminorChannel Partner/ Reseller/ DistributorDigital investment and savings platform partner for expanded financial services offerings.
  • CodapayminorChannel Partner/ Reseller/ DistributorPayment gateway partner for digital content and service payments.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

TrueMoney competitors and assessment

Company assessment

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

TrueMoney social profiles

Digital presence

TrueMoney compliance and trust

Trust signal

Compliance2 records

TrueMoney financial estimates

Financial estimate

Revenue estimate

Valuation estimate

TrueMoney leadership team

Management profile

Number of profiles

Profiles1 record

TrueMoney funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

TrueMoney M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TrueMoney

What does TrueMoney do?

TrueMoney operates a mobile wallet and electronic money platform that enables users to conduct financial transactions through a smartphone application. The service offers domestic and international remittances (allowing money transfers without a bank account), bill payments, voucher purchases, and a Sharia-compliant e-money product. It operates under a license from Bank Indonesia as an electronic money issuer and fund transfer provider.

Is TrueMoney a public or private company?

TrueMoney is a private company. It is classified as corporate owned and is currently operating.

When was TrueMoney founded?

TrueMoney was founded in 2015. It employs 101 to 250 people.

Where is TrueMoney based?

TrueMoney is headquartered in Bangkok, Thailand, in the Asia region.

How does TrueMoney make money?

Four revenue lines are on record. Transaction Fees are the primary driver. The others are merchant Commission, top-up/Balance Loading Fees and lending Partnership Revenue.

Does TrueMoney have an API?

No public API is recorded for TrueMoney.

What industry is TrueMoney in?

TrueMoney's product category is Mobile Payments. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of FSAMAEAC, QR Code Payments Wallets. Its NAICS code is 5222.

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Live signals
DealStreetAsiaSEA Digest: GXBank, IFC back MSME loans; TrueMoney, Fireblocks expand Thai payments dealGXBank secured an IFC risk-sharing guarantee for up to $110 million in MSME loans, with $4.95 million in first-loss coverage. TrueMoney and Fireblocks expanded a Thai blockchain payments pilot, allowing 20,000 participants to exchange THBT for digital assets and convert to baht.CoinMarketCapTrueMoney Taps Fireblocks to Launch THBT Wallet Built on Base: Guest Post by TheCoinrise MediaTrueMoney partnered with Fireblocks to launch an embedded THBT wallet on the Base blockchain, integrating it into its existing app. THBT is a token tied to the Thai baht, and the deployment is part of a broader pilot for Thai baht-linked blockchain payments. Details on rollout timeline and user availability remain unspecified.Crypto BriefingThailand’s dominant e-wallet TrueMoney partners with Fireblocks to embed THBT wallet in its appTrueMoney partnered with Fireblocks to embed a baht-pegged digital currency, THBT, into its app, allowing users to access blockchain payments without managing keys. The pilot, under the Bank of Thailand's sandbox, expands to 20,000 participants and tests keyless wallet tech for 20 million users.Market Research FutureSuper App Market Demand and Research Insights By 2035Market Research Future projects the global Super App Market will grow from $150.81 billion in 2024 to $991.46 billion by 2035, representing a compound annual growth rate of 18.67% during the forecast period 2025-2035. The report identifies key growth drivers including rising smartphone penetration, the shift toward digital payments, increased internet connectivity, and consumer preference for all-in-one application solutions that integrate services such as e-commerce, social networking, and financial transactions. Key players profiled include WeChat, Grab, Gojek, Alipay, Paytm, Zalo, Line, KakaoTalk, and TrueMoney, with the Asia-Pacific region, particularly China, representing the largest market share.Nation ThailandThailand's Digital Payment Revolution: How PromptPay Dominance Is Reshaping Southeast Asia's Financial FutureThailand's PromptPay digital payment system has reached over 90 million registrations with daily transactions exceeding 74 million, representing 14% year-on-year growth and positioning Thailand as a leader in Southeast Asia's shift toward cashless economies. The system's domestic success is translating into regional influence through cross-border QR payment links with Singapore, Vietnam, Japan, Indonesia, Laos, and Hong Kong, creating a model for ASEAN economic integration. Mastercard is actively supporting this ecosystem through infrastructure partnerships with National ITMX, as well as launching products like the TrueMoney Mastercard SME card and Mastercard Cloud Commerce via Beam, while the broader adoption is driven by 88% of Thai consumers preferring merchants accepting instant payments.AInvestThailand's Crypto-Friendly Tourism Push: A New Frontier for Fintech ExposureThailand's 2025 TouristDigiPay initiative enables foreign tourists to convert cryptocurrencies into Thai baht for QR-based transactions, targeting 10 million crypto-savvy visitors annually by 2026. The program operates under a regulatory sandbox with KYC/CDD checks and spending caps, and has spurred partnerships with e-wallets like TrueMoney and ShopeePay. Investors face adoption risks but gain opportunities in Thai fintech firms and blockchain infrastructure.AInvestThailand Launches Tourist Wallet for Digital Payments in SandboxThailand launched the Tourist Wallet, a QR-based digital payment system for foreign visitors to convert foreign currency into Thai baht via cash, cards, or transfers. The program operates under a regulatory sandbox, excluding live crypto functionality, with monthly spending caps of 500,000 baht for merchants and 50,000 for small merchants. It partners with TrueMoney and ShopeePay, aiming to boost tourism and fintech adoption.The Business TimesTrueMoney stands out in Thailand’s virtual banking shake-up after licence winThe Bank of Thailand granted virtual banking licenses to three consortiums led by Ascend Money (CP Group), SCB X, and Krungthai Bank to introduce competition in the domestic financial sector. The winners must launch fully operational banks within a year with at least 5 billion baht in startup capital, targeting the underbanked population amidst a saturated market. Analysts remain skeptical about their ability to gain significant market share due to high household debt levels and sluggish GDP growth projections.GlobeNewswireBoku extends its M1ST Payments Network into Thailand with TrueMoney & Rabbit LINE PayBoku expanded its M1ST Payments Network into Thailand by adding TrueMoney and Rabbit LINE Pay. The network now covers 330+ payment methods in 90 countries, reaching 5.7 billion accounts, and Thailand's mobile wallet penetration is projected to reach 63% by 2025.PR NewswireAsian fintech firm TrueMoney partners with Thunes, a global cross-border payment network, to expand its global remittance servicesTrueMoney, a leading Southeast Asian fintech company, has partnered with Thunes, a global cross-border payment network, to expand its remittance services globally. The partnership enables TrueMoney users to receive international remittances through Thunes' network operating in over 100 countries and 60 currencies, with Myanmar designated as the first beneficiary country. Thunes' sending partners will now gain access to TrueMoney's agent network across six Southeast Asian markets, streamlining cross-border money transfers for users including the unbanked.