payment
- Business News
Thai Oil Plc demands resolution of unpaid wages at Chon Buri project
Thai Oil Plc (TOP) is urging the resolution of unpaid wage issues that have led to protests at its Clean Fuel Project (CFP) in Chon Buri, Thailand. The country’s largest oil refinery by capacity has called upon the parent companies of the construction firms involved to address the payment delays affecting workers on site. TOP engaged the Unincorporated Joint Venture…
- Business News
Thailand’s card payments to hit 3.3 trillion baht by 2028
Thailand’s card payments market is projected to achieve a compound annual growth rate (CAGR) of 9.2% from 2024 to 2028, reaching 3.3 trillion baht (US$94.5 billion) by 2028. This growth is driven by a consistent consumer shift towards electronic payments, according to data and analytics firm GlobalData. Data from GlobalData’s Payment Cards Analytics indicates that card payment value in Thailand…
- Thailand News
Thai hotels back new co-payment scheme amid fraud cases
Hotel operators in Thailand have embraced a proposal to revive the co-payment scheme for hotel expenses, viewing it as a potential boost for domestic spending. However, concerns have been raised regarding 1,400 unresolved fraud cases from the scheme’s previous phases. Tourism and Sports Minister Sorawong Thienthong discussed the matter with Prime Minister Paetongtarn Shinawatra, who agreed in principle to reintroduce…
- 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…
- 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
Thai woman harassed over 20 year old missing car debt
A Thai woman found herself under severe intimidation after receiving a threatening call demanding payment for a car debt for a vehicle that disappeared nearly 20 years ago. The caller, using harsh language, even threatened to seize her assets if she failed to make the payment. The case came to light when a TikTok user named khoeilao99 posted her ordeal…
- 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
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…
- Thailand News
Technical glitches in Bangkok Bank’s mobile app continue to disrupt weekend transactions
Customers of Bangkok Bank continued to face technical glitches with their mobile banking application over the weekend. Users yesterday began voicing their concerns, reporting an inability to gain entry to their accounts. Instead of the familiar user interface, customers were met with an image of a woman courteously apologising for the disruption. This inconvenience caused significant disruptions for clients who…
