‘Digital money’ at core of expo
FINANCIAL institutions joining the Money Expo from May 12-15 will highlight digital money to deal with the increase in digital consumers and to help educate them on the upcoming national e-payment system.
Santi Viriyarangsarit, president of Money Expo, said yesterday that this year’s event would be held under the theme “Digital Life, Digital Money”, in response to the lifestyle of Thai society that is moving towards the digital era.
Next month will see the transition of magnetic-stripe debit cards to chip cards compatible with the national e-payment system, so the Money Expo will feature booths aimed at familiarising consumers with the digital economy, he said.
Financial institutions are ready to support economic activities through attractive campaigns in order to help consumers access financial services, and mortgages will still be the highlighted products at the expo.
Bt90-bn deals expected
The organiser hopes that transactions at the expo will be at least as high as the Bt90 billion recorded at last year’s event.
Krungsri Group (Bank of Ayudhya and its subsidiaries) will bring virtual teller machines (VTMs) to its digital-banking zone at the expo so people can see how they work. For mortgages, the key product at the event, the bank will offer an interest rate of 0.25 per cent per annum for the first six months.
Krungthai Bank will highlight VTMs as well, on which customers can open deposit accounts at the expo; the machines can also issue debit cards.
KTB will offer 0.99-per-cent interest per annum for the first nine months to mortgage borrowers at the fair and highlight the unsecured-loan product it calls Super Easy, offering an annual interest rate of 15 per cent to salary earners.
Kasikornbank will demonstrate new features of its K-Mobile Banking Plus on Facebook Live. It will also offer free Wi-Fi at the booth to encourage customers to download KBank’s applications to watch promotions of its products.
Siam Commercial Bank will demonstrate smart-check-in technology at its booth on the first day of Money Expo. Moreover, the bank will set up an “innovative space” to cater to digital customers who want to do transactions via online banking.
Government Savings Bank will offer the most attractive campaigns at the event, such as zero interest for the first six months for its housing loans and a savings deposit product paying a per-annum interest rate of 4.25 per cent for 103 days.
