Users of various mobile payment apps in Thailand in 2020, with forecasts to 2025
one of the most downloaded free Android apps in the country. Unlike LINE Pay - a mobile payment option within Japan's most popular messaging app and mainly functions within this ecosystem - the TrueMoney mobile wallet relies on global partnerships. First created in 2013 by fintech Ascend Money, TrueMoney entered several major partnerships in the following years with, for example, Apple and China's Ant Group. This makes it possible for users of this particular payment service to pay directly in either the Apple Store or on Alibaba.
The client base of both Thai e-wallet TrueMoney as well as Japan's LINE Pay are expected to grow by over 200 percent between 2020 and 2025. TrueMoney, especially, is said to have seen a significant growth of users during the coronavirus pandemic, ranking as