KUALA LUMPUR, 16 January 2024 – TrueMoney, Malaysia’s leading e-wallet and digital payment platform, today announced its enablement to pay with DuitNow QR. With this new acceptance, TrueMoney e-wallet users can now use the application to make transactions seamlessly anywhere, from small stalls to retail shops that support the national QR standard.
To use TrueMoney’s DuitNow QR feature, users simply need to launch the TrueMoney app, click “Scan” on the homepage, and scan any DuitNow QR Code to pay. As of 2024, TrueMoney Malaysia has established a robust network of 22,000 merchants and 35,000 payment points nationwide. This remarkable growth, amplified by the acceptance of DuitNow, further solidifies its position as a key player in the fintech industry, witnessing significant growth since its launch in January 2023.
Jessie Chong, Ascend Group’s Country Managing Director shared, “DuitNow acceptance marks a pivotal moment for TrueMoney. Nearly 1.9 million people use the DuitNow QR platform, highlighting the growing preference for contactless payments. By strategically embracing one of Malaysia’s most popular QR payment networks, we empower millions of users with unmatched convenience and choice. In a crowded fintech landscape, supporting DuitNow QR positions TrueMoney as a comprehensive all-in-one payment solution.”
Starting from 15 January to 29 February, TrueMoney users can not only embrace the convenience of the new DuitNow QR Code acceptance but also immerse themselves in the joy of TrueMoney’s “Huat’s Up” Chinese New Year campaign. As part of this celebration, users can seize the chance to receive TrueAngpao by spending a minimum of RM28 through DuitNow QR merchants, and TrueMoney merchants, as well as for bill payments and mobile top-ups, adding an extra touch of significance to the season.
Adding to the excitement, TrueMoney has also collaborated with Lotus’s, offering customers a rewarding experience. For every RM1 spent, users can earn 8x My Lotus’s Points. Moreover, a delightful RM8 cashback awaits those who make a minimum spend of RM88 using the TrueMoney e-wallet app throughout the Chinese New Year celebration.
Looking ahead to 2024, TrueMoney is set to launch online payment and international remittance services, further solidifying its commitment to providing financial flexibility both locally and globally. These upcoming features underscore TrueMoney’s dedication to staying at the forefront of fintech innovation, ensuring that users can experience the future of digital finance today.
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