Truemoney Wallet is a mobile wallet that was launched in 2013. The service’s launch came when many Southeast Asian countries were shifting towards digital payment methods. That has helped the service explode in popularity and become one of the most popular banking options in multiple SEA countries.
Given the popularity of the Truemoney Wallet, it is no surprise online casinos have begun to adopt it. As a result, players can now use this payment method to deposit and withdraw funds in gambling sites focused on the Asian market. Should you use Truemoney Wallet to play casino games, or is another payment method better? We find out in this review.
What is Truemoney Wallet?
As one of the earliest mobile wallets in the SEA region, Truemoney Wallet was instrumental in making online payments convenient and safe. The service started in Thailand and quickly expanded into neighbouring countries, allowing customers to pay without putting their banking information at risk.
Truemoney Wallet allows users to deposit in online casinos in a hassle-free manner. Provided you have enough funds to complete the transaction, each deposit will be carried out quickly. Truemoney is moblie friendly Naturally, you can also cash out winnings to your Truemoney Wallet. Withdrawing funds is simple enough, though not all gambling sites support that option. In such cases, you may need another payment method for withdrawals.
Truemoney Wallet Account
You must register a Truemoney Wallet account before using the service. The process requires downloading the Truemoney Wallet app and entering your phone number. You will also need to scan your ID card to confirm your identity to complete your registration.
Company
Truemoney Wallet was launched in 2013 by the Ascend Money Group. Its goal was to capitalize on the untapped digital payments market in Southeast Asia, which it did with incredible success. The service allowed customers to pay their bills, top up their phones, and buy digital goods all in one place. That has helped Truemoney Wallet achieve explosive growth, reaching over 50 million users.
Facts
Payment Type
E-Wallet
Headquarters
Thailand
Launched
2013
Pros
Fast deposits
Takes player security very seriously
No fees for casino deposits and withdrawals
Cons
Limited availability outside of SEA-focused websites
How to Deposit with Truemoney Wallet?
Deposits using Truemoney Wallet are super simple. After registering an account, players need to open the banking page and find Truemoney Wallet. After selecting the payment method, you enter how much you plan to deposit and any other requested details. Press the deposit button to initiate the transaction.
The casino will redirect you to a payment portal, where you will need to authorize the transaction. That includes entering a one-time password sent to your phone to confirm you initiated the deposit.
How to Withdraw with Truemoney Wallet?
Pick Truemoney Wallet from the list of banking options in the casino. After selecting the payment method, you must enter the required details and how much you plan to cash out. Follow the on-screen instructions, and you will be able to initiate the withdrawal. However, you will have to wait for the casino to process the transaction before you can use the money.
Truemoney Wallet requires users to complete registration before they can use its services.
Transfer Time and Fees
As with most payment methods, deposits with Truemoney Wallet are close to instant. Withdrawals are also must faster than bank transfers, which is a huge plus. Truemoney Wallet does not charge any fees for deposits or withdrawals from online casinos. However, you will have to pay extra costs if you decide to take money out of your Truemoney Wallet.
Security
The service offers multiple ways to secure your account from unauthorized access. One-time passwords to approve each transaction are mandatory, as is using a 6-digit PIN to log into the app. Players can also enable touch ID or face ID for an extra security layer.