TrueMoney Transfer: First remittance solution for migrant workers in Thailand

Bangkok, October 4, 2016 – TrueMoney, an Ascend Group’s subsidiary, announces today the launch of TrueMoney Transfer, the company’s first international money transfer solution. Fast, easy, safe, and affordable, TrueMoney Transfer enables real-time fund transfers from Thailand to Myanmar, allowing migrant workers to significantly reduce the expense and risks associated with sending money to family back in Myanmar. Fast with real-time fund transfers, easy with 250 transfer spots in Thailand by end-2016 and 681 transfer spots in Myanmar, safe with a passcode to receive the money that only the sender knows, and affordable with transaction fees starting at 50 Baht. To celebrate the launch of the TrueMoney Transfer service, TrueMoney is waiving the transfer fees for all transactions until October 31, 2016. Transfer fees usually start at only 50 Baht per transaction.

Ms. Saranrat Srichiraratana, Managing Director – Thailand of TrueMoney, said“Statistics from the United Nations (UN) show that Thailand currently has 3.91 million registered migrant workers, almost 2 million of which come from Myanmar. The volume of the money they send home annually is as high as 77 billion Baht, averaging at 30,000 Baht per person per year. Each…

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