Bangkok Bank launches contactless card
Bangkok Bank, the Thai Payment Network (TPN) and Mastercard have joined forces to launch the ‘Be First Smart TPN Mastercard’ debit card.
It offers a stringent security system with free SMS notifications for purchases over Bt300.
Bangkok Bank vice president Shoke na Ranong said the card featured a contactless payment system which allows users to make payments by waving it at an Electronic Data Capture (EDC) machine without the need to swipe.
Card-users can make transactions with ATM and EDC using a 6-digit PIN.
Shoke said: “Consumer behaviour has changed dramatically. More people use digital channels to buy products and services online while using less cash. In 2017, the value of Thailand’s e-commerce market stood at Bt2.8 billion and is projected to reach Bt3 trillion in 2018. As such, the bank has joined with partners to develop and launch the Be 1st Smart TPN Mastercard to serve the lifestyles of modern consumers and provide stringent safety with its chip and pin system.
"TPN provides the domestic payment network and Mastercard the international payment network. Therefore, the card will perfectly meet the needs of customers while being in line with the government’s ‘cashless society’ policy."
Bangkok Bank is offering special promotions for cardholders, including SF movie tickets for Bt88 per ticket, discounts up to 50 per cent from Grab and up to 30 per cent off from GuavaPass.