TrueMoney Partners with KBZPay to Enable Seamless International Remittances from Thailand to Myanmar
TrueMoney, a leading Southeast Asian fintech and digital payment platform, has strategically partnered with Myanmar’s largest private bank, KBZ Bank, and its fastest-growing mobile wallet, KBZPay, to introduce a fast, secure, and affordable international remittance service from Thailand to Myanmar.
This partnership is designed to empower Myanmar migrant workers in Thailand by enabling them to send funds directly to their families and friends through KBZPay Mobile Wallets and KBZ Bank accounts with ease. This initiative is designed to help beneficiaries receive funds safely, conveniently, and in real time.
Mr. Tanyapong Thamavaranukupt, President of TrueMoney, shared: “Our mission at TrueMoney is to enable everyone access to innovative financial services, leading to better lives. By connecting our robust TrueMoney ecosystem in Thailand with KBZPay, the most widely used wallet in Myanmar, we are creating a powerful corridor for financial inclusion. This partnership is a testament to our commitment to making cross-border payments as simple and borderless as possible for the millions of Myanmar nationals living abroad.”
Mr. Tun Tun Linn, Country Managing Director of TrueMoney Myanmar, emphasized: “At TrueMoney Myanmar, we leverage fintech innovation to improve our customer experience. By integrating with KBZPay’s extensive network, we are providing a seamless digital experience that eliminates unnecessary costs for hardworking migrant workers. Together, we are ensuring that their support reaches home faster and more securely than ever before.”
Image: KBZPay
U Zaw Lin Aung, Chief Executive Officer of KBZ Bank, stated “We are pleased to partner with TrueMoney to further strengthen cross-border digital financial connectivity between Thailand and Myanmar. This collaboration reflects KBZ Bank’s continued commitment to delivering secure, convenient, and accessible financial solutions that support the everyday needs of all Myanmar people, especially enhancing connectedness between migrant workers and their friends and families. Through the direct integration between TrueMoney Wallet, KBZPay, and KBZ Bank accounts, users will be able to transfer funds more seamlessly and efficiently across borders, helping families stay connected and financially supported. We believe this partnership is another meaningful step in achieving 100% financial Inclusion in Myanmar and enhancing regional payment connectivity.”
The new service offers significant advantages, including high security, real-time transfers, and a user-friendly process designed for a hassle-free experience for both senders and receivers. This initiative reflects both companies’ ongoing commitment to improving financial inclusion and supporting the well-being of Myanmar families across borders.
About TrueMoney
TrueMoney is Southeast Asia’s leading fintech platform operated by Ascend Money. Serving over 30 million users, it provides a comprehensive financial ecosystem including mobile top-ups, bill payments, and advanced financial services such as insurance and investments.
About KBZ Bank & KBZPay
KBZ Bank is Myanmar’s largest privately-owned bank, serving customers through a nationwide network of nearly 500 branches. With a commitment to improving the quality of life of the Myanmar people through banking services, KBZ Bank continuously strives to enhance its services with the goal of building a fully inclusive financial system accessible to everyone.
KBZ Bank is leading the development of Myanmar’s digital economy by offering innovative financial products and services tailored to the needs of its customers. Through KBZPay, Myanmar’s fastest-growing mobile wallet with 22 million users, KBZ Bank has extended banking services beyond branches to reach wider communities across the country.
To learn more about KBZ Bank’s products and services, please visit KBZ Bank.
