Thai ‘Dolfin’ e-wallet app to launch in move toward cashless society
Two banks and an e-finance service developer have joined forces to introduce a new e-wallet app in Thailand.
The project was driven by Central JD Money, a subsidiary of leading e-finance and fintech service developer Central JD Fintech Holding, in a collaboration with Bangkok Bank and KASIKORNBANK.
The innovation is the child of JD Digital, the leader in digital technologies in China, and draws on the expertise of Central Group, the largest retailer in Thailand.
Rungruang Sukkirdkijpiboon, chief executive officer of Central JD Fintech Holding, described Dolfin Wallet as an e-wallet service conceived under the company’s mission “to uplift standards in everyday living for all, with accessible financial innovations that satisfy different demands on an individual level.”
The wallet integrates Artificial Intelligence and Big Data Analytics – both of which are part of Central JD Money’s technological expertise, he said.
“These innovations will enable us to develop and present promotional offers that fit perfectly into our users’ lifestyles, offering maximum value as well as a bevy of privileges on The 1 Loyalty Platform.”
The collaboration with Bangkok Bank and KASIKORNBANK, and support from Central Group, will ensure a “super e-wallet” that offers users superior convenience and security, he said.
The wallet will offer full support for purchases and transactions at Central Group department stores and accommodations across the country as well as many other retail partners in Central JD’s network.
Dolfin Wallet is the first e-wallet application to support payment and money transfers through all channels – including connection to bank accounts, debit cards and credit cards, cash top-up at all CenPay counters nationwide, and full-scale PromptPay support.
Through a user authentication system connected to Bangkok Bank and KASIKORNBANK’s respective applications, Dolfin Wallet will support payment for products and services at all PromptPay locations nationwide regardless of partner bank. Users could also gain other perks and awards from using the card.
In addition to these features and services, Dolfin Wallet is also the first e-wallet application to introduce the E-KYC (electronic know-your-customer) system for user identity verification, allowing for a much friendlier user experience in the sign-up process.
Advanced technologies – including Face Recognition and Optical Character Recognition (OCR) – are integrated into the process to enable a new user to confirm their identity with a selfie and a photo of their identification card, with no need for hard copies of any document beyond the app, according to a press release on Tuesday.
Central JD Money is also planning to soon launch a face payment service to achieve maximum convenience and security in payment authentication, while e-consumer finance services are also in development for future launches by Central JD Fintech Holding.
