webfact Posted January 22, 2020 Share Posted January 22, 2020 KBank’s KGP makes online transactions a snap By THE NATION 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 -- © Copyright The Nation Thailand 2020-01-23 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
scorecard Posted January 23, 2020 Share Posted January 23, 2020 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. 1 Link to comment Share on other sites More sharing options...
Henryford Posted January 23, 2020 Share Posted January 23, 2020 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. 1 1 Link to comment Share on other sites More sharing options...
Moonlover Posted January 23, 2020 Share Posted January 23, 2020 (edited) 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 January 23, 2020 by Moonlover Link to comment Share on other sites More sharing options...
justin case Posted January 23, 2020 Share Posted January 23, 2020 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... Link to comment Share on other sites More sharing options...
sungod Posted January 23, 2020 Share Posted January 23, 2020 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. Link to comment Share on other sites More sharing options...
dallen52 Posted January 23, 2020 Share Posted January 23, 2020 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. Link to comment Share on other sites More sharing options...
Pitza Posted January 23, 2020 Share Posted January 23, 2020 How would the reverse option go, from Kasikorn to Australian Bank ?? Link to comment Share on other sites More sharing options...
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