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Thais in Japan can use Thai QR payment at Japanese shopping centre

Sep 03. 2019
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By THE NATION

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Synergies between Krungsri (Bank of Ayudhya and its group of companies) and the Mitsubishi UFJ Financial Group (MUFG) are making the Thai QR payment available to Thai shoppers for their easy payment in Japan.

“Thai travellers in Japan will enjoy greater convenience and easier bill payments by simply scanning a Thai QR code using the Krungsri Mobile application (KMA) or mobile applications of participating banks, namely Bangkok Bank, Siam Commercial Bank and Kasikornbank,” said Thakorn Piyapan, head of Krungsri Consumer Group.

Customers will receive an immediate acknowledgement of their bill amount in Thai baht at the point of sale, with a better exchange rate.

KMA customers making payment via a Thai QR payment will enjoy a promotional campaign with triple benefits, including discounts and cash-back. At this initial stage, customers can make a Thai QR payment at Takeya, also known as the Purple Buildings.

Krungsri is a strategic member of MUFG, Japan’s largest financial group and one of the world’s largest financial organisations. 

"With the ‘think digital first’ strategy adopted for financial innovation enhancement, as well as our synergies with MUFG and its wholly-owned subsidiary, the Mitsubishi UFJ NICOS, Krungsri is leveraging financial expertise in Japan by successfully introducing a new platform, Thai QR payment, at Japan's leading shopping centre, reinforcing our position as ‘the genuine expert on Japan’,” said Thakorn, who is also the Krungsri head of digital banking and innovation division.

At the initial stage, customers can use mobile applications of any of the four banks in making payments at Takeya, also known as Purple Buildings, one of the most popular shopping centres in Ueno, Tokyo. Through the strong relationship of the Mitsubishi UFJ NICOS, the largest consumer finance business in Japan, Krungsri and Mitsubishi UFJ NICOS seek to expand the Thai QR payment to Japan's other shopping places well-known to Thai customers.

“MUFG"s full support has enhanced Krungsri’s premier privileges offered to our customers,” Thakorn said. The peak travel season in Japan among Thai tourists is normally from about September 1 to the end of the year.

The programme offers triple benefits for KMA customers. First, they will receive a 5 per cent discount at Takeya when spending at least 5,000 yen. Second, they will get an 8 per cent tax refund when spending at least 5,000 yen, and third, there is a 3-5 per cent cash-back of up to Bt300 per person per month from Krungsri.

“This is a ground-breaking move emphasising Krungsri’s leadership in digital banking and solid synergies between Krungsri and MUFG. For those who love travelling in Japan or who wish for an authentic Japanese travel experience through Japanese restaurants or shops, Krungsri stands ready to offer them plenty of privileges,” said Thakorn.

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