Ascend Money’s subsidiary and a top fintech firm in Southeast Asia, TrueMoney, is happy to announce that it has officially debuted in Malaysia today. TrueMoney has been appointed as Lotus’ official payment processor, with an emphasis on offering a smooth payment solution in the digital age.
With TrueMoney’s hassle-free e-wallet and contactless QR Code payments, Lotus’s customers may now easily pay utilities (such as electricity, water, and phone bills) and phone bills in addition to their daily costs, as well as prepaid and game credit top-ups. Customers will also be able to trace every transaction they make using the True Money app because every action is recorded in real-time. This allows for peer-to-peer transactions.
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Jessie Chong, Ascend Group’s Country Managing Director, said the TrueMoney e-wallet is currently available in Malaysia via both the Apple App store and Google Play store. Users will also be able to receive instant benefits upon activation, apart from enjoying Lotus’s cashback and points, along with an RM10 TrueQuest reward.
Vivian Yap, Executive Director, Customer of Lotus’s Malaysia shared “Given today’s climate, consumers are more technologically sophisticated, they seek seamless, easy, and convenient shopping experiences all the time. As part of Lotus’s ongoing digital transformation, we are delighted to welcome TrueMoney to Malaysia and to our customers.”
“By incorporating TrueMoney into our e-wallet service portfolio, our customers have more cashless options at all of our 65 stores. Not only will customers have an easy cashless option with TrueMoney, but it will also be very rewarding as TrueMoney Malaysia will reward our customers with My Lotus’s loyalty points. My Lotus’s loyalty points can then be used to pay for purchases, giving them further savings on their shopping,” continued Vivian.
With over 88,000 agents, TrueMoney, which was founded in 2003, has the largest agent network for sending money both domestically and abroad. It also has an e-wallet that provides a variety of new financial solutions, including cashless payments, mobile top-ups, bill payments, international remittances, and many more.
