TrueMoney unveils new and improved e-wallet features, to emerge as Super App for ASEAN consumers’ financial needs

Bangkok, August 21, 2017 – ASEAN’s leading e-payment provider, TrueMoney, announced today new and
improved features for its TrueMoney Wallet application, designed to serve all
of the financial needs for people in Thailand and in the ASEAN
region.   Apart from the current services of bill payment, mobile
top-up, money transfer, and online and offline payments, in the future, users
will be able to transfer money to friends and family abroad, buy plane tickets
and book hotel rooms, order and pay for food, borrow money and make investments
in mutual funds, among other financial activities via TrueMoney Wallet. The app
will also include credit rating and advance fraud prevention features.

Moreover, via its partnership with Apple and
ANT Financial Services Group, TrueMoney consumers in Thailand
are now able to pay for purchases in the App Store, Apple Music, and iTunes
directly from their TrueMoney account. TrueMoney customers with a new or existing Apple ID can select “TrueMoney” as a payment method in their account
settings from their iPhone, iPad, iPod touch, and Mac, or on iTunes from their
PC. The new payment option will be configured automatically and immediately
allows for one-tap purchasing from their Apple devices, including the iPhone,
iPad, Apple Watch, and Apple TV.

The newly-improved TrueMoney Wallet app was
unveiled by Ascend Group CEO Punnamas Vichitkulwongsa, who envisions TrueMoney
Wallet becoming a Super App that crosses through all areas of life for users in
Thailand and in the ASEAN region.  TrueMoney Wallet is now live on Google
Play Store and iTunes.

“We call this the emergence of the Super App because the services
available through the updated TrueMoney Wallet and those which are planned for
future phases will complement each other. What will end up happening is that
this app will serve all the financial needs of our lives,” said Mr. Punnamas.  “FinTech is no longer enough and we took a further step to
introduce ‘FinLife’ or ‘Financial Lifestyle’ because
TrueMoney Wallet really does have the potential to meet all of an individual’s needs, all the way from day-to-day financial needs to bigger
and more substantial things.”

TrueMoney Wallet also includes partnerships
with 7-Eleven, True Coffee, and many other leading retailers and food chains
which will be unveiled later this year.

Apart from services in Thailand, TrueMoney has
also expanded regionally and now has operations in 5 other Southeast Asian
countries. These include Myanmar, Indonesia, Cambodia, the Philippines, and
Vietnam. Given the need for financial inclusion and consumers’ readiness for digital service in the ASEAN region, the
opportunity for growth is significant.

With its regional focus on the unbanked,
underbanked, and underserved population, TrueMoney has created a network of
over 50,000 agents throughout the 6 countries. Here in Thailand, TrueMoney is
focused on digital Thai consumers who are ready for ‘FinLife’ of having financial services available
anytime, anywhere through TrueMoney Wallet.

“TrueMoney Wallet is made by Thai people for Thai people and for
everyone in the ASEAN region.  Every day we are seeking to break the old
barriers to financial stability and build economic growth and generate wealth
for millions of people,”said Mr. Punnamas.  “But it has to start by the adoption of digital financial
innovations – and the first step is downloading
TrueMoney Wallet.”

TrueMoney will continue to innovate and add
new services in the future to increase convenience for consumers across ASEAN.