Aroon Sudweha, assistant director of TrueMoney, said the company had teamed up with the Asia Green Development Bank in Myanmar to developed the international money transfer service. The fee will double to 100 baht for transactions worth 5,000-10,000 baht, rising to 300 baht for transactions over 30,000 baht. Ms Aroon said the company aims to have 2.4 million transactions from the new international money transfer service within one year of operation, generating revenue of 240 million baht. TrueMoney is planning to expand into Cambodia and other countries in Southeast Asia where the markets are open to international money transfer services. Mobile leader Advanced Info Service and Total Access Communication is also looking to jump into the international money transfer market soon.

Source: Bangkok Post October 05, 2016 01:41 UTC