TrueMoney unveils a revamped e-wallet app

Aug 22nd at 10:51
22-08-2017 10:51:11+07:00

TrueMoney unveils a revamped e-wallet app

Mobile payment provider TrueMoney has launched a newly improved e-wallet application that allows customers in the Asean countries the company serves to transfer funds across borders, borrow money and make investments in mutual funds.

Previously, the TrueMoney wallet was limited to bill payment, mobile top-up and money transfer services, parent company Ascend Group said in a press release yesterday.

TrueMoney launched in Cambodia in January 2016 and by May of that year already boasted of having 5,000 agents.

phnompenh post



NEWS SAME CATEGORY

Central bank fines MFI for shady lending

The central bank announced on Friday that it has fined an unnamed microfinance institution (MFI) $100,000 for engaging in non-transparent lending practices.

Business Insider: Banking thrives on innovation

Cambodia’s financial sector continues to deepen, with banks and microfinance institutions launching new products to serve their growing base of customers. The...

NBC unveils online trading platform

In order to promote interbank transactions and lending, the National Bank of Cambodia (NBC) has officially launched a new online platform which allows financial...

Banking sector firms up its foundations

Cambodia's banking sector enjoyed another strong performance last year as the Kingdom’s economy continued to expand, with banking credit moderating, deposits...

Banking sector FDI spikes on new banks and higher caps

Inflows of foreign capital into the Kingdom’s banking sector nearly doubled during the first half of the year as two heavyweight players entered the local market...

Kingdom, Brunei pen agreement over taxes

Cambodia signed a double taxation agreement (DTA) with Brunei aimed at preventing dual taxation and fiscal evasion, the Ministry of Economy and Finance said...

Fintech could be ‘game changer’

A delegation from China visited Phnom Penh this week to share tips on how Cambodia can increase its financial inclusion and meet the needs of its under-banked...

Tax department rakes in $1.2B in revenue

The General Department of Taxation (GDT) collected a whopping $1.19 billion in tax revenue during the first half of this year, an increase of 32 percent compared to...

CMA issues code of conduct for local MFIs

The Cambodia Microfinance Association (CMA) issued an announcement yesterday which further attempts to distance lending institutions from the realm of politics...

Government opens $27M emergency fund to corn farmers

The government has officially made $27 million in emergency funds, initially intended for the rice sector, available for struggling corn farmers at a 5 percent...


MOST READ


Back To Top