Search Results for: payment
- Thailand News
Retired cop threatens delivery rider over payment dispute
A Thai parcel delivery rider from logistics company Flash Express took to social media to seek justice after a man, believed to be a retired police officer or soldier, threatened to physically assault and shoot him over a payment dispute. A video of the incident, which was recorded by the rider, 22 year old Phonpipat, was shared by his brother…
- Thailand News
Man’s desperate plea for debt repayment of nearly 1 million baht
At the Mahachakrapad intersection in Chachoengsao yesterday, a man driven by desperation stood on a bridge with a sign pleading for the repayment of nearly one million baht, borrowed by a friend. This friend not only refuses to repay the debt but has also threatened legal action against him. The man displayed two handwritten signs addressed to the woman. “Dear…
- Thailand News
eCommerce growth and digital payment trends in Thailand
As the second-largest digital economy in Southeast Asia, Thailand is seeing a significant shift in consumer purchasing habits due to these technological advancements, including the increasing adoption of digital payment methods. This article explores the current state of eCommerce, popular digital payment methods, and the opportunities they present for digital marketers. eCommerce Growth in Thailand Thailand’s eCommerce sector is thriving,…
- Business News
Thai consumers highlight concerns over real-time payment scams
The rise in the use of new, convenient, and fast payment channels has been matched by growing concerns about real-time payment scams, as revealed by a global consumer fraud research study conducted by Fico, the US-based data analytics and credit scoring company. The study reveals that Thai consumers are particularly worried about the risk of being deceived into sending money…
- Thailand News
Thai influencer deceived by ex-partner over 200,000 baht payment
A Thai influencer tearfully disclosed being deceived by her former lover into losing a substantial amount of advertising money. Unable to contact her ex, she is now seeking legal recourse. The 59 year old influencer Sataporn Phutthakul, known as Aunt Porn, revealed that her ex-partner swindled her out of 200,000 baht, leaving her with only 50,000 baht and subsequently deducting…
- Thailand video news
Thailand Video News | Cabinet shake-up plants seeds for cannabis reform, India and Thailand to launch cross-border QR payments
In this Thailand video news, Alex and Jay cover the stories across Thailand. Beginning with Thailand and India have announced plans to revolutionise cross-border payments with the introduction of QR code technology. Meanwhile, amidst political maneuvering, Thailand’s Cabinet reshuffle hints at forthcoming changes in cannabis legislation. However, not all news is positive for Thailand as its flagship carrier, Thai Airways, grapples…
- Business News
Thailand and India to launch QR cross-border payments
The Bank of Thailand (BoT) is set to introduce QR code cross-border payments between Thailand and India by the third quarter of this year, with a broader vision to expand this system into a pan-Asian multinational payment network. The Assistant Governor for Payment Systems Policy and Financial Consumer Protection Group at the central bank, Daranee Saeju, revealed that the payment…
- Thailand News
Thai-Lao QR payment system launched to boost border tourism
The Bank of Thailand (BoT) and the Bank of Lao (BoL) have initiated a QR payment system to facilitate electronic transactions, a move that promises to increase tourist spending at the Thai-Laos border. The system was launched on the fringes of the 11th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting in the Luang Prabang on April 3. Khemchat Somjaiwong,…
- Thailand News
Dagger drama: Thai woman stabs herself, spins murder tale to evade debt payments
A Thai woman stabbed herself in the stomach and fabricated an attempted murder scenario in an attempt to escape her debt repayments in the Isaan province of Buriram. Srinapa Srisopha, a 63 year old retired teacher, hurried 38 year old Wassana Srisanga to Satuek Hospital after she sustained a stab wound to the stomach. Srinapa clarified that Wassana had been…
- Business News
Student Loan Fund recalculates debt repayment to reduce 100 billion baht bad debts
With a staggering 100 billion baht (US$2.8 billion) in bad debts, the Student Loan Fund (SLF) is set to see a decline in its debt pile following the implementation of a new debt repayment calculation method, according to SLF manager, Chainarong Kajchapanan. This change is a result of the recent amendment of the Student Loan Fund Act (No.2) 2023, which…
- Thailand News
Cyber cops collar loan shark for high-interest loans with sex repayment
Cyber police arrested a Thai man in the southern province of Trang yesterday for offering high-interest loans and allegedly forcing debtors to repay debts with sex. “loan-shark love: Cyber Crime Investigation Bureau officers came across videos posted by the 38 year old loan shark, Thaweesak, on social media where he publicly shamed debtors unable to repay his loans. Further investigation…
- Business News
Thailand’s central bank bans prepayment charges in new lending regulation
The Bank of Thailand (BoT) has introduced a new responsible lending (RL) regulation that bans charges for debt prepayment and restructuring across all consumer loan products. The regulation, which comes into effect on January 1, impacts various financial institutions such as banks, non-banks, asset management companies, and specialised financial institutions. However, the ban does not apply to fees for mortgage…
- Thailand News
Hot pot buffet shifts to cashless payments from January 2024
The renowned Hot Pot Buffet restaurant chain announced a shift in its payment methods, heralding the onset of a cashless society. As of January 1 next year, customers in Thailand can no longer pay with cash but must opt for credit card payments or QR code scanning. As society becomes increasingly cashless, many businesses have adapted their payment systems. They…
- Thailand News
Hong Kong and Thailand join FPS with PromptPay, unlocking cross-border QR payment linkage
In a move set to redefine international payments, Hong Kong‘s Faster Payment System (FPS) joined hands with Thailand‘s PromptPay, unlocking a seamless cross-border QR payment linkage. Hong Kong and Thailand have unleashed a financial revolution, enabling residents to flex their digital wallets across borders. The cross-border QR payment linkage between Hong Kong’s FPS and Thailand’s PromptPay is set to transform…
- Phuket News
Phuket man caught using fake red license plates to avoid loan payments
Phuket Highway Police apprehended a man using counterfeit red license plates on his vehicle, following his admission that he was unable to keep up with his car loan payments. The black Toyota Vios, sporting the dubious license plates, was first spotted by officers at a Highway Police rest stop. The car was parked near a restroom, its licence plates bearing…
- Thailand News
Unexpected reunion at Siam Paragon leads to 350,000 baht repayment (video)
The world indeed goes round in unexpected ways, as discovered by a TikTok user @kanokyai2022 who chanced upon an old friend in Siam Paragon, Bangkok, after a separation of 22 years. Following this unexpected reunion, the friend promptly returned a long-overdue loan of 10,000 dollars, which converted to almost 500,000 baht yesterday. Once upon a time, the two were friends…
- Thailand News
Government Housing Bank breaks ground with 0% down payment home loans
The Government Housing Bank (GHB) is set to introduce three new home loan products with a combined budget of 45 billion baht. With an initial interest rate of 0% for the first three months and a minimum monthly repayment of just 3,300 baht per million borrowed, the bank aims to make homeownership more accessible for Thai citizens. GHB, a state-run…
- Thailand News
Thai worker survives Gaza conflict, returns home after delayed salary payment
Thai worker Charnchai Chidkhoksung, who was based just 7 kilometres from the Gaza Strip, recently experienced the peril of war first-hand. The 31 year old was reunited with his family on Sunday night after enduring three months of conflict while working as a tomato collector in the embattled region. Charnchai and his colleagues were witnesses to the Hamas attacks, which…
- Thailand News
Hotel worker accused of attacking female guest due to late payment
A Thai woman accused a hotel worker in Parum Thani province, near Bangkok, of attacking her for a late payment. The victim, 26 year old Nattarika, sought help from the non-profit organisation Saimai Survive after the physical altercation at the hotel on Soi Rungsit-Nakhon Nayok 20 in Thanya Buri district of Prahum Thani province. Nattarika recounted that her home was…
- Business News
TrueMoney, true borders: Fintech giants unite for cross-border payments
Ant Group and TrueMoney, a dominant fintech company in Southeast Asia, have forged a collaboration to facilitate mobile payments across borders between China and Thailand, a move that will see Thai tourists making cross-border payments to millions of merchants in China via the TrueMoney e-wallet. The cross-border payments are facilitated by Alipay+, a cross-border mobile payment ecosystem under Ant Group,…
- China News
Woman offers body as payment for long-distance ride, sparks debate on ethical boundaries
A shocking incident occurred when a female customer attempted to pay for her ride-hailing service through an app with her body, even offering her friend’s company as an option for the driver. This peculiar negotiation was shared on Mirror Media, a Chinese social media website, sparking widespread commentary on ethical boundaries. The woman requested a long-distance journey from Guangzhou, Guangdong…
- World News
Dispute over payment sparks petrol station fire in China
A man ignited a motorcycle and drove it into a petrol station, causing a fire, following a dispute with a staff member about overpayment. The incident occurred in Shanwei City, China, and was caught on CCTV. The man was later arrested, and no injuries were reported. The shocking petrol station fire took place in a petrol station in the city…
- Thailand News
Cash crackdown: Thai government’s e-payment pledge to curb corruption
Prime Minister Srettha Thavisin revealed yesterday that the Thai government is set to implement e-payments across the state sector as a pivotal strategy to tackle the rampant issue of corruption. The announcement was made at an Anti-Corruption Day event organised by the Anti-Corruption Organization of Thailand (ACT), which the prime minister chaired. This event marked Srettha’s first public forum since…
- Business News
Line Man Wongnai and Line Thailand tap into booming Thai e-payment market
Tech giants Line Man Wongnai and Line Thailand recently revealed plans to expand their businesses by capitalising on the rising e-payment market within their business ecosystem. They officially announced last month their successful joint acquisition of shares in Rabbit Line Pay Co (RLP) from previous shareholders, RabbitPay System Co and Advanced mPAY Co. This crucial transaction has allowed Line Man…
- Business News
JKN Global reassures investors after bond payment rescheduling
JKN Global Group Plc (JKN), the owner of the Miss Universe Organization (MUO), reassured investors that its financial status is robust, despite a recent bond payment rescheduling caused by a liquidity mismatch. Jakkaphong Jakrajutatip, the chief executive and managing director, said at a briefing that the company is set to meet its revenue target of over 3 billion baht this…
- Economy News
CardX braces for regulatory change raising customer debt repayment 3%
CardX, a credit card service provider operating under SCB X Group, anticipates a potential issue with customer compliance linked to an upcoming regulatory change from the Bank of Thailand. The central bank presently permits credit card users to repay their debt at a minimum rate of 5% of the overall credit balance each month, a measure introduced to aid consumers…
- Thailand News
DLT nets 7 billion baht in vehicle tax due to convenient online payments
The Department of Land Transport (DLT) collected over 7 billion baht in vehicle tax in the first 10 months of the current fiscal year, thanks to the ease of its “from anywhere” payment system. This figure represents the taxes received from the owners of 5.5 million vehicles between October of the previous year and July of the current year. The…
- Phuket News
Patong shooting stemmed from Facebook payment demand
In a recent act of violence in the Patong area of Phuket, two people were apprehended following a street shooting incident that happened early yesterday. The shooting led to two victims who have been hospitalised for treatment of gunshot wounds. The victims of this unfortunate incident were 20 year old Nuttawut Hemra a resident of Trang who sustained a gunshot…
- Crime News
Khon Kaen shop owners targeted by clever thief employing overpayment scam
Disturbing incidents have been reported in Khon Kaen, where several local shop owners fell victim to a scam by a short-haired woman masquerading as a male shopper. She would claim she had no cash, ask to transfer more than the purchase price, and then request the difference in cash. The woman disappeared without confirming the transfer, leaving the shopkeepers at a…
- Transport News
Green Line extensions: Operator anticipates 20 billion baht debt repayment
Bangkok Mass Transit System Plc (BTSC) Chairman Keeree Kanjanapas expressed optimism regarding the repayment of overdue debts by the Bangkok Metropolitan Administration (BMA) for the operation and maintenance of the Green Line extensions. Following a meeting with Bangkok Governor Chadchart Sittipunt yesterday, Keeree said the discussions were encouraging, and he anticipates a 20 billion baht repayment from the BMA. Keeree…
