Saturday, October 19, 2019

A wallet to call your own

May 24. 2019
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By Paisal Cheunprasaeng
The Nation Weekend

6,216 Viewed

If you're nervous about using your credit card when ordering online, TrueMoney Wallet could be the way to go

TRUEMONEY Wallet is a fun, free and easy to use electronic wallet that can make your life easier in Thailand’s growing cashless |society. The e-wallet service by TrueMoney, which is Southeast Asia’s leading fintech firm, can be used to pay bills and shop online as well as cover goods and services that support the e-wallet.

You can conveniently link TrueMoney Wallet to your bank account or you can transfer money from your bank account to the e-wallet for use.

And now, TrueMoney has collaborated with Google to allow the use of the e-wallet service for Google Play for buying songs, movies, e-books, games and Android apps.

Although you can use your credit card on Google Play, you may feel uneasy about giving away your credit card number. The e-wallet service could thus be a safer way to spend online. 

And you can limit the use by transferring as much money to your e-wallet as you need to use without worrying about your account being hacked or having your credit card number stolen.

To use TrueMoney Wallet, you need to download the TrueMoney Wallet app and then open the app and register for an e-wallet account. TrueMoney will send you an OTP (one-time password) as an SMS to the phone number you use for registering the e-wallet account. The phone number and OTP will be used together with phone number to prevent your account from being stolen.

And to start using TrueMoney Wallet with your Android account to buy content on Google Play, you must open the Google Play app and then select TrueMoney Wallet as the payment method.

Then, when you want to purchase an item on Google Play, you simply have to transfer money from your bank account to the e-wallet to cover the cost of the purchase and you can then buy the item in Google Play right away.

If you link the e-wallet with your bank account, you can use your TrueMoney Wallet account like a digital ATM without having to transfer the money from your account first. The limit on each use is set at Bt3,000 per transaction.

I tried using TrueMoney Wallet to subscribe for Google One cloud storage. I found registering for an e-wallet account with TrueMoney was a breeze. Then, I linked my Google account with the TrueMoney Wallet account to deduct the annual fee for the Google One service. When I was linking the service, an OTP access code was sent to my phone number for verifying.

TrueMoney Wallet has also joined with JOOX, NetMarble, NEXON, IGG and more to provide extra benefits if you use the e-wallet to make payments on Google Play.

For example, JOOX users who pay any amount for the JOOX VIP service will receive an additional 30 days at no cost, while the Lords Mobiles game players will obtain special items when purchasing defined packages. Moreover, each time TrueMoney is used for Google Play, you’ll be allowed to play the Chicken Hit game up to three times and win a cash-back reward via TrueMoney Wallet,

The e-wallet app can also be used to buy content from iTunes and App Store.

TrueMoney Wallet is also accepted at 7-Eleven shops and selected other shops. When I paid at 7-Eleven, the app generated a bar code for the cashier to scan and the value of the goods was automatically withdrawn from my TrueMoney Wallet account and an SMS sent to alert me of the deduction.

The TrueMoney Wallet app can also be used to pay utilities bills, top-up the EasyPass service for expressway access, buy tickets at Major Group theatres, make purchases at Makro, CP Freshmart, True Coffee, Chester Grills, McDonald, Dunkin’ Donuts and other shops.

You can also use it to shop at WeShop, Lazada, AliExpress, JD Central, Pomelo,, Agoda, Supersport, all of which offer discounts on selected goods when paying with the TrueMoney Wallet.

Established in 2003, TrueMoney became a part of Ascend Group in 2014. Its TrueMoney Wallet now has about 7 million active users each month. TrueMoney says it’s targeting 10 million users this year.

The service is free for users.

>> Users: 7 million

>> Available in: Thailand, Cambodia, Myanmar, Vietnam, Philippines, and Indonesia

>> Established in: 2003

>> Support: Both Apple Store and Google Play

>> Exclusivity: Service available to users of all mobile phone operators


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