Articles with tag: thailand

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Standard Chartered completes cross-bank Letter of Credit blockchain transaction between Vietnam and Thailand

11 Sep 2020 | Cryptocurrencies

Standard Chartered has successfully completed the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain.

Standard Chartered, cross-bank, Letter of Credit, blockchain transaction, payments, Vietnam, Thailand, distributed ledger technology, Contour, trade finance

Tinkoff Business opens account for Thailand-based office of Aviasales

31 Aug 2020 | E-invoicing, SCF & E-procurement

Tinkoff Business has opened accounts for foreign companies operating in Russia and businesses launching branches abroad, the first customer being Aviasales

Tinkoff Business, Aviasales, Thailand, Russia, accounts, foreign companies, branches, travel search service, payroll, Tinkoff, cards, deposits, loans, Tinkoff Black cards, online financial ecosystem, financial services, lifestyle banking

Ecommerce emerges as preferred way of shopping in Thailand amid COVID-19 crisis

17 Aug 2020 | Ecommerce

GlobalData has revealed that the ecommerce market in Thailand will reach THB 1.1 trillion in 2020, as it became the preferred way of shopping for consumers.

GlobalData, analysis, ecommerce, Thailand, shopping, online payments, COVID-19, online shopping, retailers, Lazada, merchants, Thailandpostmart, D Central, Cloudmall

ECOMMPAY launches Gate2Asia payment solution for business expanding to Asia

06 Aug 2020 | Online Payments

ECOMMPAY has launched a payment solution called Gate2Asia, which unifies local payment options into one platform for online businesses entering the Asian markets. 

ECOMMPAY, launch, payment solution, Gate2Asia, local payment options, online businesses, Asia, ecommerce, China, Australia, New Zealand, Indonesia, Malaysia, Philippines, Thailand, Vietnam, COVID-19

Digitalisation of SMBs could add USD 3.1 trillion to Asia Pacific's GDP

28 Jul 2020 | Payments General

The 2020 Asia Pacific SMB Digital Maturity Study has shown that the digitalisation of SMBs in Asia Pacific could add USD 2.6 to 3.1 trillion to the region’s GDP by 2024.

digitalisation, SMBs, Asia Pacific, economic, 2020 Asia Pacific SMB Digital Maturity Study, digital, IDC, Cisco, COVID-19, coronavirus, pandemic, technology, cloud, IT, software, Digital Observers, Singapore, Japan, New Zealand, China Taiwan, Thailand, Korea, Hong Kong, Malaysia

Huawei Pay launches in Thailand in collaboration with UnionPay

29 Jun 2020 | Mobile Payments

Huawei Mobile Services has partnered with China-based financial services company UnionPay to launch its mobile payment service – Huawei Pay, in Thailand. 

Huawei, Huawei mobile services, Thailand, UnionPay, partnership, NFC payments, mobile payments, Asia, APAC, Wallet App

SYNQA secures USD 80 mln in Series C

23 Jun 2020 | Cryptocurrencies

Thailand-based SYNQA, the parent company of OMG Network, has raised USD 80 million in a Series C funding round led by Siam Commercial Bank.

OMG Network, SYNQA, Thailand, Siam Commercial Bank, Japan, Toyota Financial Services, Sumitomo Mitsui Banking, SMBC Venture Capital, Aioi Nissay Dowa Insurance

Thai central bank investigates building central bank digital currency for payments

19 Jun 2020 | Cryptocurrencies

Thailand’s central bank has unveiled plans to build a prototype of a payment system for businesses using central bank digital currency (CBDC).

Thailand’s central bank, CBDC, Bitcoin, central bank, innovation, digitalisation, Asia

AirAsia rolls out contactless procedures at the airport

15 Jun 2020 | Mobile Payments

Malaysia-based airline company AirAsia has implemented contactless procedures at the airport to align with the safety measures imposed by the government.

AirAsia, Malaysia, SOPs, Recovery Movement Control Order, RMCO, World Health Organisation, International Civil Aviation Organisation, ICAO, contactless payments, Wave, AliPay, WeChat Pay, Kuala Lumpur International Airport, contactless kiosks, Malaysia, Thailand, Philippines, Indonesia, Japan, mobile app, Apple Wallet

KogoPAY, Lightnet partner to launch mobile payment app

12 Jun 2020 | Mobile Payments

UK-based mobile payment company KogoPAY has partnered with Thailand-based fintech Lightnet to launch a mobile payments app.

KogoPAY, wallet-to-wallet transfers, mobile wallet, QR code payment, Asia, Thailand, unbanked population, international remittance ecosystem, money transfer operators, cross-border payments, cross-border payment providers, mobile payments

Rapyd research identifies rising digital payments across APAC

11 Jun 2020 | Online Payments

Global fintech Rapyd has revealed data regarding the frequently used and preferred payment methods in APAC. 

Rapyd, The Rapyd 2020 Asia Pacific eCommerce and Payment Study, APAC, India, Indonesia, Japan, Malaysia, Singapore, Taiwan, Thailand, e-wallets, e-commerce, mobile commerce, cards, mobile wallets, Real-Time Payment, RTP, UPI, PromptPay, PayNow, Touch N Go, Boost, PayPal, GrabPay, Cash on Delivery, Movement Control Order, mobile payment methods

GoBear to unfold its consumer financial services in Asian markets after USD 17 mln funding round

27 May 2020 | Online Payments

Singapore-based fintech startup GoBear has raised USD 17 million to unfold its consumer financial services platform in Asian markets.

GoBear, Walvis Participaties, Aegon N.V, funding, consumer financial services platform, Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, digital payments, credit cards, mobile payments

Boku launches with Pearl Abyss to extend mobile payments and e-wallets services

21 May 2020 | Online Payments

UK-based carrier commerce operator Boku has launched Direct Carrier Billing (DCB) and e-wallet payment services for Korea-based game developer Pearl Abyss Corp.

Pearl Abyss, Boku, e-wallet, direct carrier billing, online payments, UK, game payments, Russia, Turkey, Thailand, Philippines, Indonesia, Malaysia, Singapore, RabbitLinePay, GCash, GoPay, OVO, Dana, GrabPay.

Upbit, Chainalysis extend partnership for improved crypto compliance

24 Apr 2020 | Cryptocurrencies

US-based Chainalysis has announced a partnership extension with South Korea-based crypto exchange Upbit to provide blockchain analysis support across APAC.

Upbit, Chainalysis, crypto compliance, US, United States, South Korea, APAC, Thailand, Indonesia, Singapore, crypto exchange, blockchain analysis support, KYT, know your transaction, safe trading environment, anti-money laundering, AML, financial action task force, FATF

Deutsche Bank launches PromptPay instant payments in Thailand

17 Apr 2020 | Payments General

Deutsche Bank’s Bangkok branch has launched a new instant payments service PromptPay in Thailand, reports Electronic Payments International. 

Deutsche Bank, PromptPay, instant payments, Thailand, payments

Thailandese bank to use Ripple rails for new instant payments app

30 Mar 2020 | Payments General

Thailand’s Siam Commercial Bank (SCB) has been building a new app that uses Ripple’s payments technology to allow tourists to pay for goods and services without needing to convert currencies.

Thailand, Siam Commercial Bank, SCB, mobile app, Ripple, cross border payments, QR codes, payments

DeeMoney partners with Ripple for cross-border money transfer

19 Mar 2020 | Payments General

DeeMoney, a Thailand-based fintech company, has announced that its platform is now processing live transactions, in partnership with Ripple.

DeeMoney, Ripple, cross-border payments, money transfer, partnership, transactions, fintech, Thailand, payouts

Thailand, Cambodia launch cross-border QR payments

20 Feb 2020 | Mobile Payments

BOT (Bank of Thailand) and NBC (National Bank of Cambodia) have jointly announced the launch of a QR code-based retail payments link between the two Southeast Asian countries, according to Regulation Asia.

Thailand, Cambodia, cross-border, QR payments, retail payment, Bank of Thailand, National Bank of Cambodia, financial inclusion

Thailand's central bank allows commercial banks to use facial recognition

07 Feb 2020 | Digital Identity, Security & Online Fraud

The Thai central bank has given the green light for six commercial banks to offer facial recognition using the e-KYC technology.

Bank of Thailand, commercial banks, facial recognition, central bank, Thailand, e-KYC, accounts, biometrics, verification, identity theft, fraud

Siam Commercial Bank, Ripple to launch app for instant cross-border payments

09 Jan 2020 | Online Payments

Siam Commercial Bank (SCB) has partnered with Ripple to create a mobile app powered by blockchain to deliver instant cross-border payments.

Thailand, bank, launch, cross-border, payments, Ripple, Siam Commercial Bank, transfer payments, remittances