TrueMoney and Mastercard Deepen Strategic Partnership
to Accelerate Tap-to-Pay Adoption in Thailand with Up to 5% Cashback

Bangkok, 31 July 2026 – TrueMoney, Southeast Asia’s leading fintech platform under Ascend Money, and Mastercard, a world leading technology company in payment, are deepening their strategic partnership to drive TrueMoney Tap-to-Pay adoption through the “TrueMoney Tap-to-Pay Cashback” privilege. The privilege offers exclusive rewards designed to make tap-to-pay easier, more rewarding, and more accessible for TrueMoney users. This initiative reflects both companies’ shared commitment to expanding access to contactless payments and helping make tap-to-pay an everyday payment option for Thai consumers.

Tanarat Thuvasujirake, Commercial Director, TrueMoney, said, “Today’s consumers expect payment experiences that are simple, fast and seamlessly fit into their everyday lives. Through our partnership with Mastercard, we are accelerating the adoption of TrueMoney Tap-to-Pay by expanding access to contactless payments through more than 900,000 contactless EDC terminals across Thailand and over 150 million acceptance points worldwide. For the first time in Thailand, consumers can tap to pay without owning or linking a credit card, while enjoying exclusive rewards. We believe that giving people the opportunity to experience the convenience of tap-to-pay firsthand, together with meaningful everyday benefits, will create a positive payment experience, encourage wider adoption, and help establish TrueMoney Tap-to-Pay as an everyday payment choice for Thai consumers.”

Winnie Wong, Country Manager for Thailand and Myanmar, Mastercard (Thailand), said, “At Mastercard, we believe that expanding payment choice is key to building a more inclusive and digitally connected economy. Through our collaboration with TrueMoney, we are enabling more consumers in Thailand to experience the convenience, security and speed of contactless payments, without the traditional barriers associated with card ownership. By combining TrueMoney’s strong local ecosystem and customer reach with Mastercard’s trusted technology, advanced security capabilities and global acceptance network, we are helping make tap-to-pay more accessible for everyday use.”

Elevating the Contactless Payment Experience

TrueMoney Tap-to-Pay makes contactless payments simple, accessible and seamless through the TrueMoney app. Users can tap to pay without the need to own or link a credit card, download an additional app, or pay activation or annual fees**. The service is initially available on eligible NFC-enabled Android smartphones, including devices from Samsung, OPPO, vivo, realme, Redmi, POCO, and Xiaomi, with plans to expand support to more devices in future phases.

Through the TrueMoney app, users can easily activate the service and start tapping to pay. Once activated, they can make payments in three simple steps: Unlock • Verify • Tap at EDC terminals with the contactless symbol. Initially, users can tap to pay using TrueMoney’s wallet balance, with additional payment options set to become available by October 2026.

TrueMoney Tap-to-Pay is currently accepted at more than 900,000 payment locations across Thailand and over 150 million locations worldwide through contactless EMV terminals. Users can tap to pay at leading merchants nationwide, including McDonald’s, Swensen’s, Sushiro, SUBWAY, Guss Damn Good, BEANS Coffee Roaster, KOI Thé, CASA LAPIN, The Mall Group, Gourmet Market, PT Station, SUSCO and more. The service will also expand to public transportation that supports EMV contactless payments, including BMTA buses and MRT services by Q4 2026. At checkout, users simply let the cashier know they would like to tap to pay using the contactless terminal, open the TrueMoney app, and tap their smartphone to complete the transaction.

Users can access the service without activation or annual fees**. Merchants with existing EMV terminals that already accept contactless card payments can begin accepting “TrueMoney Tap-to-Pay” immediately.

TrueMoney Tap-to-Pay at contactless-enabled EDC terminals also delivers a secure payment experience. Every transaction requires user authentication before payment, eliminating the need to hand over a physical card or disclose card details to store staff. Payment credentials remain protected under established industry security standards.

A More Rewarding Tap-to-Pay Experience

From coffee and matcha to boba tea, gelato and ice cream, users can earn up to 5% cashback from their very first tap at contactless-enabled EDC terminals nationwide.

TrueMoney Tap-to-Pay introduces a simpler, more rewarding way to pay. Instead of scanning a QR code, users can tap their smartphones at contactless-enabled EDC terminals and earn up to 5% cashback from their first tap at participating restaurants, cafés and beverage outlets nationwide. They can also earn up to 1% cashback on other eligible purchases in Thailand and overseas, including at supermarkets, department stores and petrol stations, as well as on foreign-currency transactions.

This marks another step towards bringing tap-to-pay to more than 60 million Thais who do not hold a credit card, giving them access to a rewarding contactless payment experience for the first time. By removing traditional barriers related to income, occupation and credit card eligibility, TrueMoney Tap-to-Pay makes everyday payments faster and more convenient, while offering benefits traditionally associated with credit cards.

Benefits of using TrueMoney Tap-to-Pay at contactless-enabled EDC terminals* include:

• Earn up to 5% cashback on dining, coffee and beverage purchases.
• Earn up to 1% cashback on other purchases in Thailand and overseas.
• Enjoy a complimentary All Café beverage on the 1st and 16th of every month.
• Pay no activation or annual fees.**

TrueMoney Tap-to-Pay is now available, offering Thai consumers a fast, convenient and secure payment experience.

Learn how to get started with TrueMoney Tap-to-Pay at contactless-enabled EDC terminals and BlueTap at https://www.truemoney.com/nfc-feature/.

Terms & conditions:
* Terms and conditions apply. Please refer to the TrueMoney app or TrueMoney’s official communication channels for more details.
** No activation or annual fees apply. Foreign currency transactions are subject to applicable exchange rate conversion charges.

About TrueMoney
TrueMoney is a Southeast Asia’s leading fintech company providing financial services for users including the unbanked across 7 countries in Thailand, Cambodia, Myanmar, Vietnam, Philippines, Indonesia, and Malaysia. Established in 2013, TrueMoney has become a part of Ascend Group in 2014 and also a partner of Ant Group since 2016. Today, the company provides various financial services through TrueMoney, the most popular payment and financial application that enables convenience and ease of everyday life. Its extensive partner network across Southeast Asia also enables millions of users in the region to access innovative financial services, leading them to better lives. For further information, please visit www.truemoney.com

About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com

For more information, please contact the TrueMoney PR team at: Weber Shandwick
Rungnapa Charnwiset Tel: +668 1494 8131 Email: [email protected]