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KBank’s KGP makes online transactions a snap

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KBank’s KGP makes online transactions a snap

By THE NATION

 

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KGP managing director Takerng Osirichaivet

 

Kasikornbank (KBank) has launched Kasikorn Global Payment Company Limited (KGP) to provide both merchants and online shoppers with the PayDii digital payment system.

 

The system allows merchants to conduct transactions without having to switch from one application to another. The version for online merchants is now available on Facebook.

 

KGP chairman Poramate Minsiri said it is a company that KBank has invested in with registered capital of Bt200 million.

 

The has its own board of directors, with an independent working team and work structure, and plans to extend its reach to other Southeast Asian and partner countries in the future.

 

PayDii, which is KPG’s first project, can accommodate links with the greatest number of mobile banking applications under acceptable security standards.

 

According to the Electronic Transactions Development Agency (ETDA), the value of Thailand’s e-commerce market in 2018 reached Bt315 billion and the e-commerce market is expected to grow average of 22 per cent by 2022.

 

KGP managing director Takerng Osirichaivet said online merchants can directly collect the requested payment by sending buyers a screenshot of the payment amount.

 

Buyers then tap the “Payment” button on their mobile banking application, or they can make payment by credit or debit card without providing their bank account number to the merchant, since such accounts are already linked with the system.

 

Source: https://www.nationthailand.com/business/30380918

 

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-- © Copyright The Nation Thailand 2020-01-23

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Sounds interesting, I've been wondering when the banks would pick up on fast / very fast international funds transfers.

 

Yesterday I did an on-line transfer from my high profile bank in Australia, the funds were in my K bank account within 1 hour, fee was AUD3. 

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The banks don't want fast transfers. They want to hold onto your money for as long as possible. When i used to do a transfer using my UK bank it would take days.

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18 minutes ago, Henryford said:

The banks don't want fast transfers. They want to hold onto your money for as long as possible. When i used to do a transfer using my UK bank it would take days.

Well why have they been investing a lot of time, money and effort in making payments faster?

 

I now get my monthly pension payments from my UK bank to Krungsri, via TransferWise in about 3 hours.

 

Edited by Moonlover

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tops market yesterday, a high fly tech guy comes to pay with his phone ... only took 10 minutes for 3 items before it was cleared...

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3 hours ago, Henryford said:

The banks don't want fast transfers. They want to hold onto your money for as long as possible. When i used to do a transfer using my UK bank it would take days.

You might want to chnage banks, mine works fine.

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5 hours ago, scorecard said:

Sounds interesting, I've been wondering when the banks would pick up on fast / very fast international funds transfers.

 

Yesterday I did an on-line transfer from my high profile bank in Australia, the funds were in my K bank account within 1 hour, fee was AUD3. 

Anz banking takes the funds immediately. 

Kasikorn shows them about 24 hours later. 

Longer on a weekend. 

Flat fee $9...

I know moneygram is there in 10 minutes..

Wonder about the delay sometimes. 

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How would the reverse option go, from Kasikorn to Australian Bank ??

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