True Digital Park opens as largest digital innovation hub in SEA

September 20, 2019 | 11:23
True Digital Park, developed by Charoen Pokphand (C.P. Group), aspires to be the most complete and open startup ecosystem that powers Thailand to become a global hub for digital innovation.
true digital park opens as largest digital innovation hub in sea

Deputy Prime Minister Somkid Jatusripitak (centre) presided over the opening ceremony of True Digital Park. He was welcomed by CEO Suphachai (right) and Thanasorn Jaidee, president of True Digital Park

On September 18, C.P. Group officially launched True Digital Park – the largest digital innovation hub in Southeast Asia.

Suphachai Chearavanont, chief executive officer, C.P. Group cum chairman of the executive committee of True Corporation Plc said, “Innovation and digital technology are the driving force of digital transformation, especially for enterprises and industries that need to change their business model and apply digital technology to create added value for products and services. Meanwhile, digital technology also plays an important role in digitialisation, in making communities, societies, healthcare, and the environment better. It also reduces the income divide and helps to sustainably create prosperity for Thailand.”

“True Group, as a Thai private company, is committed to contributing to Thailand’s economic growth and supporting the country to become a regional trade and investment hub. True Digital Park has been developed to increase Thailand’s competence through innovation, creativity, and technology. All these factors combine to create sustainable economic growth in the long run,” he said.

true digital park opens as largest digital innovation hub in sea

Suphachai Chearavanont, CEO, C.P. Group and chairman of the executive committee of True Corporation Plc

“True Digital Park is focused on building a complete startup ecosystem that encourages connectivity and knowledge sharing which creates a collaborative network for business expansion. The partners that comprise this startup ecosystem include the government, multinational tech companies, academia, investors, and numerous startups.

They help strengthen True Digital Park to become Thailand’s largest digital innovation hub in Southeast Asia. True Digital Park is one of True Group’s proudest achievements that will help position Thailand as a regional innovation and digital hub,” said Suphachai.

Thanasorn Jaidee, president of True Digital Park, said that the mission of True Digital Park is to enhance the competency of startups and tech entrepreneurs, helping them reach their full potential, grow and compete in the global marketplace.

At True Digital Park, startups and tech entrepreneurs will gain new knowledge while taking advantage of telecommunication infrastructure and digital platforms. They will also receive support from large corporations and government organisations and have access to funding and networking opportunities.

true digital park opens as largest digital innovation hub in sea

The official opening of True Digital Park

TrueMoney is a testament of C.P. Group’s commitment to support fintech growth in Thailand and region. Being the fintech arm of C.P. Group, TrueMoney is one of the leading unicorns offering seamless and holistic experiences to its customers.

The company plays an important role in changing the mindset and habits of both individuals and corporations in the way they make transactions in today’s digital era.

Attending this special occasion, Vu Hoang Linh, chief commercial officer of TrueMoney Vietnam, shared, “With an extensive network in six key markets in Southeast Asia and having grown into the No.1 e-wallet application in Thailand, TrueMoney Vietnam is well-positioned to leverage the strengths of a leading fintech brand and ecosystem in the region, technology know-how, and strong group financial support. I am very optimistic about our growth potential in Vietnam, delivering innovative financial services to both businesses and consumers here.”

TrueMoney is the fintech arm of C.P. Group. C.P. Group is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and one of the world's largest conglomerates.

It consists of three core businesses that operate in agribusiness and food, retail and distribution, and the telecommunications industries with investments in over 30 countries, employing over 300,000 people.

TrueMoney Vietnam officially started operations since 2017, providing innovative financial solutions and an online and offline payment platform via its extensive agent network all over Vietnam.

TrueMoney Vietnam has been serving more than five million customers, becoming one of the leading fintech firms in the local market.

With an interconnected and start-of-the-art ecosystem, TrueMoney provides users with seamless experiences, changing the way individuals and corporations make payment, transactions, and enjoy their everyday lives in today’s digital age.

By Ha Vy

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