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Thailand Post urges COD for online businesses in bid to boost money circulation

Sep 21. 2020
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By The Nation

Thailand Post is calling on online vendors to give shoppers the option to pay cash on delivery (COD), so more cash can circulate in the e-commerce sector, which has expanded significantly in the new normal.

Phitsanu Wanitchaphol, chief commercial officer at Thailand Post, said it is necessary to have circulation in the e-commerce system as some vendors are not able to seek credit due to lack of evidence of transactions.

Hence, he said, Thailand Post has collaborated with SME D Bank to give online vendors an opportunity to use COD from Thailand Post by just submitting their trading history at the [email protected] application to show salaries paid as credit.

To be eligible, vendors must have a business licence, while juristic persons must hold at least 50 per cent of Thai stocks.

SME D Bank president Nartnaree Rathapat believes this is the perfect time for the bank to step into the e-commerce sector, adding that this collaboration will help small and medium businesses.

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