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Ascend Money Empowers a Sustainable Financial Future Through Innovation and Inclusion

Ascend Money believes that sustainable finance begins with equitable access. In 2024, the company continued its mission to empower individuals and communities through inclusive, technology-driven financial solutions that are secure, transparent, and future-ready.

Through the TrueMoney platform, Ascend Money has made it easier than ever for people in Thailand to engage with the digital economy in their daily lives. This includes online payments, mobile top-ups, QR-based merchant transactions, overseas payments, and even saving and investing. Of particular impact is the company’s cross-border money transfer service, which enables migrant workers living in Thailand to send money home securely and affordably. This service bridges financial gaps and strengthens economic ties across borders—supporting families and local economies throughout the region. By removing barriers to financial access, Ascend Money is enabling more people to connect, grow, and thrive in an increasingly digital world.

Ascend Money also recognizes that access to capital is essential for economic inclusion. Its alternative lending program, powered by one of Thailand’s most advanced credit models, provides financing to individuals historically excluded from traditional banking systems—including the self-employed, small business owners, and farmers. In fact, more than 50% of Ascend Money’s lending customers have never had access to bank loans or formal credit. By leveraging alternative data and AI-driven risk assessments, the company is responsibly opening new pathways to opportunity—at scale.

At the same time, Ascend Money is expanding access to financial protection through bite-sized, affordable insurance products that are easy to understand and available via digital channels. In the past 12 months, the company has issued almost a million policies, helping hardworking individuals with limited income protect their health, assets, and livelihoods—many for the first time.

In addition, Ascend Money has helped lower the barrier to investing for everyday Thais. Remarkably, 70% of its mutual fund users are first-time investors—a clear indicator of how accessible digital financial tools can unlock new opportunities for long-term financial growth. By enabling simple, mobile-first investing, Ascend Money is empowering a new generation to build their futures with confidence.

Behind these innovations lies Ascend Money’s unwavering commitment to strong governance, data security, and long-term sustainability. As the company navigates a rapidly evolving digital landscape, it continues to invest in the technology, insights, and infrastructure needed to support inclusive growth and environmental responsibility. Its TrueMoney 3X Protection system—Thailand’s most advanced mobile-first security framework—leverages AI, behavioral analytics, and real-time fraud detection to safeguard users. The system actively detects suspicious activity, blocks unauthorized access, and delivers greater peace of mind, making trust a core pillar of Ascend Money’s digital experience.

In a bold move toward climate action, Ascend Money, in partnership with Ascend Bit, introduced a carbon offsetting feature on the TrueMoney app. Within just one month, users offset over 1,500 tons of CO₂—equal to the work of 100,000 trees. Powered by blockchain technology, the feature allows users to purchase and track certified carbon credits transparently, making climate action simple, accessible, and verifiable. This initiative reflects Ascend Money’s commitment to empowering individuals to take part in building a more sustainable, carbon-neutral future.

By aligning its financial solutions with the needs of society, the economy, and the planet, Ascend Money is not only building a resilient, tech-powered financial ecosystem—but also helping to shape a more inclusive, sustainable future for all.

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