Internet banking transactions in Thailand are expected to reach 200 billion baht this year, thanks to the extraordinary growth of smart devices and improved internet infrastructure.
Kasikornbank’s ‘K-Merchant on Mobile’ service will enable SMEs to use smartphones and tablets as a credit card payment reader. Merchants need to invest 1,000 baht for an mPos device and download a special mobile application.
Money transfers, utility bill payments and prepaid mobile phone refills are the top three services.
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