DeeMoney charges ahead with third branch for money transfer business

The Sawasdeeshop subsidiary unveils latest branch at Tesco Mahachai to facilitate money transfer activities to Myanmar, Cambodia, India and 15 more countries

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Deemoney launch branch at Tesco Mahachai – Photo: Deemoney

International money transfer firm DeeMoney today launched its third branch in home country Thailand, with the fourth branch expected to be unveiled in May.

Its latest branch was unveiled at Tesco Mahachai to facilitate money transfer activities to Myanmar, Cambodia, India and 15 more countries.

Deemoney is a subsidiary of Sawasdeeshop Co Ltd, a tier-two telecom solutions provider, helmed by a husband-wife team of Aswin Phlaphongphanic as SawasdeeShop CEO and Rasmegh Srisethi as its director.

Earlier this year, it emerged as as one of the first non-banks to receive the coveted international money transfer license from the Bank of Thailand, the nation’s central bank. See here.

Initial response has been ‘very positive and encouraging’, Aswin tells Asia Samachar.

DeeMoney has launched its first branch at Imperial Samrong, a popular destination for foreign migrant workers in Bangkok.

For its expansion into Cambodia, Deemoney has  teamed up with Wing Money which has more than 3,000 branches in the neighbouring nation.

 

[ASIA SAMACHAR is an online newspaper for Sikhs in Southeast Asia and surrounding countries. We have a Facebook page, do give it a LIKE. Follow us on Twitter. Visit our website: www.asiasamachar.com] 18451

 

RELATED STORY:

SawasdeeShop moves into ‘sunrise’ money transfer business (Asia Samachar, 6 Feb 2018)

 

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