Company Information

Get to know TrueMoney Indonesia

TrueMoney Indonesia is a service of PT Witami Tunai Mandiri, launched in Indonesia in 2015. It is part of Ascend Money, a Southeast Asian fintech company backed by Thailand's C.P. Group and Ant Financial (Alipay). The company's mission is to promote financial inclusion by providing accessible and affordable financial services, particularly to Indonesia's unbanked and underbanked population. It operates through a vast network of agents (Agen TrueMoney) across the country, offering services like bill payments, mobile top-ups, game vouchers, and cash-in/cash-out for its e-money wallet. The company is officially licensed and supervised by Bank Indonesia as both an electronic money issuer and a fund transfer operator.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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TrueMoney Indonesia

Indonesia

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.