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orientalist

Can we really go cashless in Thailand?

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12 hours ago, Tounge Thaied said:

I like the idea of no middle man. I see going cashless as just another way for the Banksters to take a cut of every transaction I make. Imagine, soon when I want to give you 100 baht, I will have to make a transaction from my phone to your phone for a fee. And... I like having the option of being anonymous when I want to. 

Thank you! Yep, you are just perpetuating the giant banking thieves the less cash you use. 

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I've tried to be cashless as far as possible from time to time in central Bangkok. Every place I've tried accepts my Krungsri chip-and-pin debit card. However I always subsequently check online that they only put one transaction through, as they usually wander off with the card, come back with the paper slip, and never ask me to enter my PIN at the usual machine - that they use and I don't. I have tried it (successfully) at Villa supermarket

 

I've also got it linked to my True Wallet on my phone, but basically that's only useful (for me anyway) at a 7-11 or a True coffee shop

 

The real problem is the lack of the Thais adopting common digital wallets like Google Pay or Apple Pay, and therefore encouraging a fragmented, proprietary digital wallet universe, as the OP outlined

 

Sadly the boys (and girls I assume) still prefer cash, although I suppose I could ask my regulars if they'd prefer a bank transfer

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23 minutes ago, CGW said:

Personally I find it quite easy to go get enough cash to last a month or so, when its finished, I repeat said action, its not difficult 🙂 

I guess this is the smug standard answer you would expect from TV.

 

What works for one, doesn’t always work for another. I work from home.

 

I transfer money to the wife for shopping at the market, I make sure we only need to go to Big C every 2-3 months, all my monthly bills are paid online - Then there’s food and goods bought online, services and leisure that can paid by promptpay or bank transfer. 
 

I go to the bank once a month and draw 1000B, yet every time I’m at home and the waterman need 24B the wife has snatched all my change. 
 

She’s got her own healthy business, it’s not like I’m tight or poor - it’s just hard to keep money. 
 

First world problems ..

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1 hour ago, Antonymous said:

I tend to use a credit card for most purchases over 1,000 baht, where accepted, and cash for all other purchases. I use direct debit from my bank accounts for regular bill payments. In Thailand cash is king and I find it so easy and convenient to pay in cash. I can’t understand why the OP (or anyone) is so afraid of cash.

 

I keep detailed accounts. In the past five years my expenditure has been 56% in cash, 35% credit card and the rest by bank transfer. I have never had the slightest problem obtaining, carrying or spending cash.

 

Cash also has the great advantage of being ‘anonymous’ in that nobody but you and the receiver or purchaser knows what you purchased (or sold) and that, IMHO is gold!

 

If you go cashless that’ll mean that all of your money and all of your sales and purchases will be under the eye of Big Brother. Do you have no regard for your privacy at all?

 

And do you trust BB (that includes banks, government departments, law enforcement and all third parties that will be given access) with the minute details of your whole financial life?

It is not a matter of if you trust them. They will 100% for sure use the information in some way. Let's get real, this information on purchase patterns is worth billions. Of course they are going to sell it to people, they already are. 

 

Edited by sucit
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If you have an Thai bank account no problem.. You can use prompt pay or en Bank app like Kplus from. Kasikorn.

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Going cashless means paying fees for every transaction you make. 

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6 minutes ago, rwill said:

Going cashless means paying fees for every transaction you make. 

Strange, virtually never use cash in Australia and don't see any fees :coffee1:

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12 minutes ago, Salerno said:

Strange, virtually never use cash in Australia and don't see any fees :coffee1:

You are right, but the person you bought from will get a fee. Huge fees too, which costs even small businesses thousands a year, and you do end up paying for in the end, let's be clear about that. It is just another one of their operating costs. 

 

People think "this is great, I get free miles when I use my card". Nothing is free. You end up paying for those miles in the end by way of higher overhead fees for vendors. 

 

Any form of e payment or credit card, the only real winners are the banks and the governments. 

Edited by sucit
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22 hours ago, orientalist said:

 ... so I could see my expenses on a couple of monthly statements.

 

For me, not having a bank record of all my transactions is a small price to pay for the bank, or anyone else not having the same record. No one needs to know what I buy, when I buy, or where I buy.

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