TrueMoney, a fintech company in Southeast Asia, announced a milestone for the e-wallet ecosystem in Malaysia. With over 15,000 payment points in Malaysia from a variety of industries, including retail, food and beverages, gaming, and cafes, TrueMoney has shown strong growth in both the merchant and consumer side since launching in the market.
Since its founding in 2003, TrueMoney has expanded its operations to seven countries including Malaysia and established a sizable agent network in the region, comprising over 88,000 agents. With this extensive network, users can enjoy seamless domestic and international money transfers as well as a wide range of innovative financial solutions, including cashless payments, mobile top-ups, bill payments, and much more.
Ascend Group Country Managing Director Jessie Chong said, “We are excited to have a good milestone for the brand with over 15,000 payment points in Malaysia, in short 3 months since launch.”
TrueMoney aims to become the preferred e-wallet of choice for Malaysians as it marks a significant milestone for the company, with notable names such as Lotus Malaysia, Chatime, BilaBila mart, DipNdip, Econsave, Senheng and Elken among the latest additions to the platform.
Leveraging the TrueMoney e-wallet marketing solutions, these merchants can now take part in a range of marketing promotions, including digital vouchers, cashback, and instant discounts.
As of 2023, TrueMoney’s e-wallet app has been downloaded by over 50 million people in Southeast Asia, demonstrating the company’s dedication to providing a seamless and secure e-wallet payment experience.
TrueMoney Malaysia aspires to establish more partnerships with well-known merchants, enhancing its mission to empower communities and promote financial inclusion throughout Southeast Asia in the future.
