payment
- Business News
Superrich faces stalled growth as tourists prefer travel cards
Renowned local money changer Superrich Currency Exchange (1995) Co, known by its SuperRich Orange brand, has faced a challenging start to the year with its transaction growth stalling at zero during the initial four months, despite an increase in foreign travellers. The stagnation in Superrich’s growth is largely due to the rising popularity of travel card services, which are increasingly…
- Business News
Thailand’s central bank halts proposed 1% fee on credit cardholders
The Bank of Thailand has stalled the proposed introduction of an additional 1% fee on local credit cardholders, necessitating card issuers to consider other alternatives. This decision was taken after several credit card issuers declared that they would be waiving the 1% fee for payments made in baht to overseas registered merchants and online shopping platforms. Earlier in March, these…
- Thailand News
Bangkok Metropolitan Council approves 23.4 billion baht for Green Line extension
The Bangkok Metropolitan Council (BMC) gave the green light for a whopping 23.4 billion baht payment to the Bangkok Mass Transit System Plc (BTSC) for crucial electrical and mechanical (E&M) installation work and operation services for the Green Line’s second extension. This decision comes after a crucial meeting that saw high-ranking officials deliberate the fate of the city’s transportation system.…
- Business News
2C2P expands merchant partnerships under Alibaba’s Ant Group to boost SMEs
Aiming to enable offline small and medium-sized enterprises (SMEs) to accept e-wallet payments from Chinese visitors, 2C2P (Thailand) has been expanding its merchant partnerships under Alibaba’s Ant Group. The global payment platform predicts a substantial rise in revenue, from 3.2 billion baht last year to a projected 3.7-3.9 billion by 2024, representing a growth of 30% over 2022. Piyachart Ratanaprasartporn,…
- 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…
- 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,…
- Business News
Media meltdown: JKN global struggles as shares drop amid debenture dilemma
JKN Global Media Plc’s shares plummeted to 1.67 baht during early trade as the company acknowledged its inability to fully repay the 609 million baht debenture due that day. This debenture is part of a seven-series set, totaling 3.36 billion baht. After the disclosure on the Stock Exchange of Thailand (SET), JKN Global Media’s shares tumbled by 29.8%, a drop…
- World News
Woman goes viral asking if higher-earning man should pay more in relationship
What is a fair way for a couple to split their bills? Should it be based on who earns more? In Thailand, an expat man earning significantly more pay than his Thai girlfriend or wife is common, making this a pertinent question. But the UK website Mirror tackled the issue when they covered a woman who is dating a man…
