The Myanmar Embassy to Thailand has announced that Dee Money mobile application has been jointly established by two Myanmar-Thai non-bank financial service companies as an official money transfer service so that Myanmar nationals in Thailand will not be deceived when transferring money to their motherland.
DeeMoney is Thailand’s leading and fastest-growing fintech, specializing in cross-border payments and according to statistics, mobile app revenue worldwide will continue to increase up to US$ 732,753.98 million until 2027.
The embassy stated that Myanmar nationals in Thailand are being exploited while sending money back to Myanmar due to various reasons, as well as facing high transfer fees and a lack of guarantees daily.
If people transfer the baht currency equivalent to K10 million through the Dee Money mobile application, they will only be charged 49 baht per service fee.
According to the embassy statement, Dee Money App is a safe and secure money transfer service for all Myanmar citizens in Thailand.
Currently, Thai-Myanmar exchange rates are not stable and the value of the kyat is falling, reaching over K100 per Thai baht, as per the prevailing conditions in the forex market.
— TWA/EM
