Wallets · Asia-Pacific · On request
TrueMoney in Thailand
TrueMoney is one of the payment methods in Thailand. Payments are made in THB; the method supports pay-in; settlement: instant; chargebacks: not possible. The payments regulator in Thailand is Bank of Thailand (BOT). Providers for TrueMoney in Thailand in the Tranzify catalogue: CloudCash, Opn (Omise).
Key facts
- Currency
- THB (Thai baht)
- Operations
- Pay-in
- Settlement
- instant
- Chargebacks
- not possible
- Payments regulator
- Bank of Thailand (BOT)
Providers for TrueMoney in Thailand
| Provider | Provider type | Supported operations | Status at Tranzify |
|---|---|---|---|
| CloudCash | Local methods provider | Pay-in, Payout | Available |
| Opn (Omise) | Acquirer | Pay-in, Refund | On request |
How a payment goes through
- 1The checkout opens the wallet app or shows its button
- 2The payer confirms in the app with a PIN or biometrics
- 3The wallet confirms the payment to the provider within seconds
- 4Webhook to the merchant; a refund goes back the same way
Other payment methods in Thailand
| Type | Payment methods | share of e-commerce payments |
|---|---|---|
| QR payments | PromptPay | 35 % |
| Cards | Visa | — |
| Cards | Mastercard | — |
| Wallets | Google Pay | — |
| Wallets | PayPal | — |
Frequently asked questions
Which providers offer TrueMoney in Thailand?+
In the Tranzify catalogue TrueMoney in Thailand is offered by CloudCash, Opn (Omise). A client connects its own account with the provider as a terminal; routing and cascading between several providers are set up in the back office.
How widely is TrueMoney used in Thailand?+
The catalogue has no published market share for TrueMoney in Thailand; the method is listed among the country's payment methods.
Which operations does TrueMoney support in Thailand?+
TrueMoney supports pay-in. Settlement is instant and chargebacks are not possible; the amounts are in THB.
Who holds the licence for TrueMoney in Thailand?+
Tranzify is software. The licensed client, a payment institution, an acquirer or its partner, contracts with the providers and the merchants; the platform routes the payments, records them in the journal and reports them. The payments regulator in Thailand is Bank of Thailand (BOT).
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