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Sales team
What is TrueMoney
Reach 20 million active users in Thailand
TrueMoney is a mobile wallet which can be loaded via bank transfer or cash in many stores. It allows customers to pay bills, top up mobile phones, make money transfers and pay via barcodes at participating merchants.
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Know more
How TrueMoney works
The customer journey:
Choose TrueMoney e-wallet in the check-out
Enter credentials and PIN
Done!
Accept TrueMoney with Pagsmile
Pagsmile offers the following with our TrueMoney integration:
Market
Thailand
Channel
Ecommerce
Processing currencies
THB
Settlement currencies
USD
Refunds
Yes
Partial refunds
Yes
Multiple partial refunds
Yes
Recurring transactions
Yes
Payouts
No
Chargebacks
No
Gain your Thai customers’ trust and increase your sales
At a valuation of $1.5 billion, TrueMoney users in Thailand have grown from 17 million in early 2021 to 20 million as of now, while the transactions of its online payment use case surged over 75%. There are approximately 88,000 TrueMoney agent networks.
Its total payment volume stood at $14 billion in 2020 across the six countries in Southeast Asia, representing 84% growth between 2019 and 2020.
Offer TrueMoney in Thailand through a local partner
By integrating with Pagsmile you get access to a localized solution that covers all the bases to sell in Thailand, offer TrueMoney and other popular payment methods, get a direct connection with local payment players, market expertise, and regionalized fraud prevention.
Benefits
Reach more consumers
Get access to connected users in Thailand that prefer to pay with their digital wallet accounts. A fast-growing base of millions of consumers is already using TrueMoney and could be potential customers of your products.
More security and convenience
All customer data is input in the digital wallet before starting to pay for their purchase, creating an extra layer of security in the authentication process, which is reflected in a great performance to the merchant.
Real-time confirmation
The merchant is notified as soon as the payment is completed in the digital wallet environment, and the customers don’t have to wait to receive confirmation of its purchase.
Onboarding
How to start
We have an easy and clear onboarding process that will set your business for success.
1
Click begin
and fill in a short form. One of our payment experts will then get in touch to understand more about your business.
2
Get set
in our test environment so you can get to know our infrastructure
3
Create account
by signing a single contract and passing our KYC and AML tests
4
Onboard
onto our platform. You’ll then be able to activate your merchants using our easy-to-use portal or via API
5
Start converting
across borders and locally with your Pagsmile-powered payment methods
6
Social media
The company PAGSMILE, with the company name PAGSMILE INTERMEDIACAO E AGENCIAMENTO DE NEGOCIOS LTDA, operates with CNPJ 23.010.551/0001-31 and has its headquarters located at Alameda Santos, 1940 - Cerqueira Cesar, Sao Paulo - SP, 01.418-102.
