• Home
  • About Us
    • Our Founder
    • Our Story
    • Myanmar Investment Seminar
    • Singapore Business Federation’s Networking Session in Yangon
  • Legal Update
    • Import office equipment and service related equipment
    • Setup 65%/35% JV Company
    • Private School Education Law
    • Approved Foreign Investment
    • Foreign banks
    • Corporate Tax
    • Personal Income Tax
    • Franchising
    • Trademark
    • Arbitration Law
    • Registration of Association or NGO
    • Restrictions on trading activities
      • Wholesale, Trading and Retail Sectors
    • Prioritized Investment Activities
    • Promoted Sectors under MIL
    • Development Zone for Tax Exemption under MIL
    • Restricted Investment Activities under MIL
  • Useful Info
    • Myanmar COVID19 Travel Restrictions
    • Public Holidays in Myanmar for 2021
    • Yangon Taxi
    • Tourist eVisa
    • 12 Types Myanmar Entry Visa
    • Restricted areas for foreigners and tourists in Myanmar
    • Foreign Banks with branches in Myanmar
    • Insurance Companies
    • Business Chambers and Associations in Myanmar
    • Myanmar Exhibtion Hall
  • Testimonials
    • EB5 Capital – Testimonial
    • Eletec Elevators – Testimonial
    • Avialite – Testimonial
    • Momoride – Testimonial
    • ProDVD – Testimonial
    • Mitosis – Testimonial
    • Echo Communications – Testimonial
    • C Square – Testimonial
    • OSI – Testimonial
    • ASIGWLL – Testimonial
    • EOS Group Management – Testimonial
    • Our Client List
  • Internship
  • Contact

Consult Myanmar

for fruitful investment in Myanmar

  • Business Visa
  • Business Opportunity
  • Company Registration
  • Myanmar Virtual Office
  • Myanmar Investment Commission
  • Business Matching
  • Due Diligence
  • More
You are here: Home / Latest News / TrueMoney teams up with Google Play

TrueMoney teams up with Google Play

April 8, 2019 by Thiha

doing business in myanmar - what you need to know as a singaporean

doing business in myanmar – what you need to know as a singaporean


TrueMoney, the e-wallet service under Ascend Money, is joining forces with Google Play Store to make buying content online easier, forgoing the need for a credit card.

Monsinee Nakapanant, co-president of Ascend Money Co, said the collaboration will capitalise on high growth in the Thai business-to-consumer (B2C) market, which is the best performer in Asean, according to the Electronic Transactions Development Agency.

During 2016-17, B2C market value rose to over 160 billion baht, partly due to more convenient e-payment services.
Many consumers lack credit cards, making it difficult to shop online and buy products from overseas.

Ms Monsinee said the goal of the collaboration is to deliver fast, convenient and secure transactions via e-wallet payments, online or offline.

All Android users in Thailand will be able to buy digital content such as songs, movies, e-books, games and Android apps from Google and online stores more conveniently without using a card.

The latest move follows a collaboration between TrueMoney and Apple that began in 2017, serving as a payment channel for Apple’s App Store on iOS devices.

TrueMoney has about 7 million active users each month in Thailand and expects 10 million by the end of this year.
TrueMoney is accepted at 200,000 locations nationwide. The company will expand its partnership with merchants who provide offline payment services compatible with TrueMoney.

Nirun Fuwattananukul, deputy director and head of commercial for TrueMoney Thailand, said TrueMoney has a total of 21 million users and more than 50,000 agents in six countries in Southeast Asia: Thailand, Myanmar, Vietnam, Cambodia, the Philippines and Indonesia.

For Thailand, the B2C market has the most potential for growth in Southeast Asia, due to payment infrastructure, the banking service structure and the online banking system.

Thailand has 31 commercial banks with 2,014 branches, 39 million PromptPay account links and more than 100,000 top-up kiosks for mobile services.

Source: Bangkok Post

To see the original article click link here

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.

Filed Under: Latest News Tagged With: account links, banking service structure, banking system, e-wallet, Electronic Transactions Development Agency, Google Play, Online, True Money

Online e-Visa Application has resumed on 1st April 2022

Myanmar Virtual Office Rental

Our Office in Yangon

Some of Our Clients:

ATAD Pre-Engineered Steel Buildings Vietnam logo
Slipform Sytems Austria logo
Oway Ride Logo
Thinh Phat Cable Vietnam Logo
Echo Communications Logo
Chun An Shipping Singapore China
Hunter Douglas Logo
STIHL THK Power tools logo

Copyright © 2022 — Consult-Myanmar Co Ltd, Myanmar Co Reg No: 100066009, • All rights reserved. • Privacy Policy • Disclaimer