Kbank offers QR mobile scanning for shopping
Kasikorn Bank has launched “K Plus Shop”, a QR code mobile payment technology which is the first of its kind in Thailand.
The system is intended to facilitate business transactions by allowing users to pay instantly via scanning.
The service targets three groups of merchants: those in food and beverage (F&B) retail fashion, and daily commuter services.
QR code payment service will debut at more than 10,000 stores in three locations – Siam Square, Chatuchak Weekend Market and Platinum Fashion Mall Pratunam – before expanding nationwide by year-end, the company announced in a press release.
KBank has aimed to sign up more than 200,000 merchants with Bt800 million in transaction value by the end of this year, the company's senior executive vice president Patchara Samalapa said on Monday.
As an approach to increasingly popular mobile banking, K Plus Shop will boost the opportunities for merchants to sell goods and services, the company said.
Consumers increasingly conduct their financial transactions via smartphones, as seen by a 50-per cent rise in mobile banking users in the overall commercial banking system in 2016.
K Plus is a market leader in mobile banking in Thailand, with more than six million users, and K Plus Shop builds on that. The system is responding to merchant demand for convenient financial services which offer a seamless “mobile wallet” experience that can respond to the “now” demands of their customers.
