KBank introduces mPOS service, with Nok Air as first client

 

 

 

"Customers can pay for the tickets with credit cards issued by all banks," said​Nok Air CEO Patee Sarasin. He noted that the new service, allowing reservations with card payment under the “Nok X, for a convenient reservation and comfortable flight with K-Merchant on Mobile” concept, is part of the airline's aim to meet customers' lifestyles. 

 

KBank today launched "K-Merchant on Mobile", only days after Bank of Ayudhya introduced its version. The service is expected to expand to a number of smaller merchants soon. At least 20,000 authorised smartphones and tablets are expected to be able to provide the service within next year, said Krisada Lamsam, senior executive vice president.

Jointly developed by KBank and Singapore's SwiffPay, an application must be used along with highly-secured mobile point-of-sale (mPOS), a credit card swiping device, in order to offer the new service.  It will enhance convenience for the bank's member merchants in accepting card payment for diverse goods and service via Visa/MasterCard of all card issuers. 

In 2012, KBank expects to see a total Bt375 billion of card spending via 90,000 merchants nationwide, or a 28 per cent growth rate from the previous year. In this segment, it aims to be No.1 player with a 32 per cent market share. In the initial stage, K-Merchant on Mobile will be available on 1,000 authorised devices in the insurance industry, mobile phone device merchants, direct-sale businesses, and delivery merchants/ restaurants. Next year, at least 20,000 authorised smartphones and tablets will offer this service, including those of flower shops, coffee shops, and clothing shops. The service will add opportunities for card acceptance and sales for member merchants anytime, anywhere.