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Podcast  >  Enterprise  >  Enterprise Explores  >  Can Thai E-Wallet TrueMoney Compete with GrabPay and Touch ‘n Go e-Wallet?

Can Thai E-Wallet TrueMoney Compete with GrabPay and Touch ‘n Go e-Wallet?

Dale Kim, Managing Director of International Business, Ascend Group

15-Feb-23 12:00

Can Thai E-Wallet TrueMoney Compete with GrabPay and Touch ‘n Go e-Wallet?

A month ago, a new e-wallet player entered Malaysia -  TrueMoney, a Thai unicorn. That said, given that Malaysia already feels like such a crowded market in the cashless payments space, does TrueMoney really have a chance to gain traction here? And if so, how?

We speak to Dale Kim, the Managing Director of International Business at TrueMoney’s parent company - Ascend Group, to find out.

Among other things, we also get into:

-How TrueMoney plans to acquire and retain users

-When we can expect TrueMoney to plug into DuitNow

-TrueMoney’s partnership with Lotus’s hypermarkets and how it can tap into other Charoen Pokphand (CP) Group assets to expand.

-Whether TrueMoney’s entry into Malaysia is an entry point for other CP Group businesses.


Photo Credit: Shutterstock | Prostock-studio

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan, Richard Bradbury


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Categories:  marketseconomytechnologySMEentrepreneurs

Tags:  e-walletunicornstartupspaymentsfintech





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