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New Thai player in Mobile money transfer market


geovalin

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True Money, a new entrant to Cambodia’s growing mobile money-transfer market, said yesterday it will start operations across the Kingdom from January 1, with the first phase focusing only on local transfers, according to a company official.

The money-transfer service, which comes under the Thailand-based Charoen Pokphand Group conglomerate, has invested $15 million under its first phase and will have 5,000 agents across the country, said Kong Mean, commercial director at True Money.

“This investment is only a starting point. We plan to expand to international money transfers soon, and in 2016 we will complete [our service expansion] in all ASEAN countries”, he added.

read more: http://www.phnompenhpost.com/business/mobile-money-transfer-heats

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