Mobile wallets in Thailand
There are several mobile wallets available in the market including True Money, AirPay, mPay etc. All of them target the final market functioning on a B2C basis.
On the one hand, these mobile wallet providers face the challenge of having the merchants accept mobile wallet payments.
Boosting digital wallet
These measures, alongside growing smartphone penetration, should also boost digital wallet. Digital wallets are currently used to pay for 23 percent of e-commerce transactions, tying with bank transfers.
Trending e-Wallets in Thailand
Picture credit to Thailand Business News
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TrueMoney Wallet
Thailand’s leading e-wallet for all mobile networks (AIS, Dtac, TrueMove H).
It’s all-in-one app lets you securely make cashless and cardless payments for all your everyday needs, including mobile top-ups, bill payments, online and offline purchases, and much more! Enjoy exclusive promotions and discounts across a wide variety of merchants and services.
Picture credit to MoneyDuck
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AirPay
AirPay is flexibility which is support payment via bank account direct debit, debit and credit card, and AirPay Cash.
AirPay mobile app allows users to pay their bills, refill credit, buy movie tickets, air tickets, bus tickets and ferry tickets and even donate money to charity organisations.
You can earn cashback to your wallet from transactions on AirPay, and use as discount or transfer to friends. Top-up to your wallet through linked bank account for convenient use.
Picture credit to AIS
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mPay
A mobile financial service from AIS for all Thai mobile numbers which enables you to do any financial transaction anytime and wherever you are thru your mPAY Wallet.
It is a high-secured mobile financial service with Double Lock Security means it needs both your mobile number and your own 4-digit PIN to access mPAY (same level as bank’s ATM standard).
It is not only for payment but also for transfer money from wallet to wallet by using the recipient’s mobile number real-time transfer.