Onepay join hands with TrueMoney to expand its Cash-in/Cash-out network for the convenience of its users

News
27 August, 2020

Onepay, Myanmar’s first integrated lifestyle app, announces its partnership with TrueMoney Myanmar, to offer greater convenience to its users to cash in, and cash out from an increased amount of locations throughout the country.
This partnership between Onepay and TrueMoney will allow both urban and rural users to conveniently cash in and cash out at the nearest TrueMoney agents. Phase one enables Onepay users to fund in, with phase two following shortly – allowing users the ability to fund out.
Currently, Onepay users can fund in or fund out either through an AGD bank account, with any e-commerce enabled MPU, VISA or Mastercard, through 123 service, at Onepay appointed agents or using Onepay’s interbank service. This partnership offers an additional 23,000 locations throughout Myanmar which will primarily benefit the rural areas across Myanmar.

“Our commitment is providing financial inclusion to the people of Myanmar. As such, we’re always looking for different ways to serve the unbanked and underserviced population, and we know that customers in rural areas often choose agents, rather than banks, for their cash in/ cash out services. In order to better serve these customers, we’re pleased to be announcing our partnership with TrueMoney. We hope this partnership will give customers both in urban and rural a convenient cash in/cash out means.” said Mr. Sagar Bhagaddia, Chief Commercial Officer of One Pay Company Limited.

Ms. Kyi Thar Romanet, Managing Director of TrueMoney Myanmar Co., Ltd. also said, “Our mission is to provide financial services to unbanked and underserved people with innovative technology.  Currently, we have a very strong network made up with over 23,000 agents around the country. TrueMoney is glad to partner up with Myanmar’s first integrated lifestyle app, Onepay.  I believe this partnership will bring a lot of convenience to our customers. Onepay customers can now enjoy the cash in service at any nearest TrueMoney shop while TrueMoney agents can be benefited from a variety of services provided by Onepay, especially the mobile interbank service that Onepay has recently launched.”

The Onepay app connects users and businesses to enable mobile financial transactions across one unified platform. It aims to simplify a user’s lifestyle by effortlessly combining financial and lifestyle activities by making it smarter, faster and easier to pay for goods and services.

Onepay app is available for both android and iOS users on Playstore and Apple App store respectively. For more information and to download the app, please visit Onepay’s official website, www.onepay.com.mm.

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About Onepay

Onepay represents the future of e-wallet financial services and the rising use of e-commerce platforms across Myanmar. Onepay is an all-in-one lifestyle mobile app, enabling users to send and receive money, pay for goods and services as well as topping up their mobile phone, plus much more. Our company’s vision is to create a cashless e-money processing system that provides real-time financial settlement. Making transactions for consumers and merchants easier. AGD bank is the Official Banking Partner of Onepay. Through Onepay, users will be allowed to access exclusive AGD Pay features only eligible for AGD Bank customers.

About TrueMoney Myanmar

TrueMoney Myanmar Co., Ltd. started the operation in November 2014 as part of the Ascend Group. The company works hand in hand with Ascend Group and its partners to ensure that the company is able to effect changes in the lives of Myanmar people. Currently, we have 23,000 agents located nationwide in Myanmar. Our agents make it possible for the majority of the underserved Myanmar population to have access to fast and easy top-up services, bills payment, and money transfer, both domestic and international.

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