Paymentology expands partnership with TrueMoney

By Leandra Monteiro

Paymentology announces the expansion of its current partnership with TrueMoney, Southeast Asia’s e-payment services and financial services provider.

TrueMoney was established in 2013 and became Thailand’s digital financial application for mobile carriers. In Thailand, the platform includes payment, saving and investment services.

Building on TrueMoney’s progress in Thailand, and as part of its efforts to support financial inclusion in Cambodia, TrueMoney recently bolstered its offering with the launch of a co-branded virtual prepaid TrueMoney Mastercard supported by Cambodia’s Sathapana Bank through BIN (Banking Identification Number).

Powered by its global technical payments partner, Paymentology, the virtual prepaid Mastercard card is available to the ‘unbanked’ members in the country.

Paymentology has also powered TrueMoney to launch Google Pay with MDES Tokenization.   Strengthening the alliance between TrueMoney, Paymentology, Google and Mastercard, Google Wallet users can now add their TrueMoney Mastercard to pay with Google Pay in-store, efficiently and securely.

Apinand Dabpetch, Head of Growth & Wallet Platform at TrueMoney commented, “Our partnership with Paymentology, one of the preferred issuer processors of Mastercard, has been a key factor in propelling our growth journey and enabling us to pave the way for innovation in Southeast Asia. We take immense pride in joining forces with global partners to offer our users inclusive financial services that cater to their needs.”

Emre Durusut, Regional Director APAC at Paymentology added, “We are incredibly proud to be TrueMoney’s trusted issuer processing partner, and thrilled to celebrate its recent milestones which strengthens TrueMoney’s standing as a trailblazer in digital payments. With our cutting-edge payment technology and collaboration with industry giants such as Mastercard and Google, TrueMoney has become one of the pioneers of digital financial services in Southeast Asia.”