TrueMoney Myanmar and AYA Pay Partner to Launch Free Cross-Border Transfers from Thailand

Myanmar Investment Review

TrueMoney Myanmar has teamed up with AYA Bank’s digital payments arm, AYA Pay, to launch a new cross-border remittance service allowing Myanmar migrants in Thailand to send money home quickly, securely, and without fees. The service, announced on August 22, 2025, is aimed at easing the financial burden on migrant workers while expanding digital financial inclusion in Myanmar.

Free, fast, and secure transfers

Under the new arrangement, users in Thailand can transfer funds directly from their TrueMoney Wallet to an AYA Pay Wallet in Myanmar. The service charges no transfer fees, and recipients can withdraw funds without additional charges, ensuring that the full amount sent is received.

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The initiative targets the more than one million Myanmar nationals working in Thailand who regularly remit money to support families back home. By removing service fees, the partnership is positioning itself as a cost-effective alternative to traditional remittance services, which often carry high transaction charges.

Companies highlight customer-first approach

U Tun Tun Linn Country Managing Director of TrueMoney Myanmar, said the collaboration reflects both companies’ focus on making financial services more accessible. “As fintech grows, we want to ensure Myanmar people have faster and easier ways to support their families. Partnering with AYA Pay means workers in Thailand can send money at fair exchange rates, with no service fees, and greater convenience.”

AYA Bank CEO Jasmine Thazin Aung emphasized that the service goes beyond digital transactions, pointing to its social impact. “This partnership is not only about payments. For families in Myanmar, remittances represent love, connection, and support. By making transfers more secure, reliable, and stress-free, we are contributing to both financial inclusion and family well-being.”

Expanding Myanmar’s fintech landscape

The collaboration is part of a wider push in Myanmar’s fintech sector, as mobile wallet providers compete to capture a growing base of digital users. With rising smartphone adoption and increased reliance on cross-border remittances, digital platforms such as TrueMoney and AYA Pay are emerging as key players in Myanmar’s payments ecosystem.

Industry observers note that removing remittance fees could give the two companies a competitive edge over informal money transfer channels that remain popular among migrant workers. The partnership also aligns with regional trends, where digital wallets are becoming central to financial inclusion strategies.