Paysbuy to roll out 4 payment services

Tuesday 4 March 2014 14:59 CET | News

Paysbuy, a Thailand-based online payment service provider, has revealed plans to introduce four payment services, as follows: prepaid cash cards for making online payments, virtual prepaid cards for online shopping with Visa or MasterCard, mobile credit cards for making payments for goods or services via apps and payment on delivery (POD) that allows customers to pay upon delivery of the goods (both cash and credit cards using mPOS).

Paysbuy was founded in 2004 and turned into a subsidiary of Dtac, a telco company in Thailand, in 2008. Paysbuy opened up the e-wallet service in Thailand and now offers various online payment options like credit cards, bank transfer, and cash at counters.

In 2013, the total amount of payments made via Paysbuy channels surpassed USD 61 million (BHT 2 billion). For 2014, the company forecasts growth in revenue of 35%.

According to the company`s general manager, quoted by, in 2013 the payment proportions were 38% credit card, 32% cash and 30% internet banking. Paysbuy has more than 500,000 registered accounts.

Currently, Paysbuy provides online payment services to more than 10,000 online merchants. The company expects to have more than 1,000 new merchants by the end of 2014, increasing its market share in the nation to 10%.

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Keywords: PAYSBUY, online payment, prepaid cash, virtual prepaid cards, mobile credit cards, pay on delivery
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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