KBank leads internet surge | Bangkok Post: business

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BANKING

KBank leads internet surge

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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