Onepay announces partnership with TrueMoney

27 August 2020

Onepay, Myanmar’s first integrated lifestyle app, announces its partnership with TrueMoney, to offer greater convenience to its users to pay in, and withdraw cash 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, with a daily maximum transaction amount of 500,000 MMK. Phase one includes the ability to pay in, with phase two following shortly - which will give users the ability to withdraw cash.

“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 Onepay 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 sincerely 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.