COMMERCIAL banks are rushing to seek out business partnerships with Thailand Post Co to capture opportunities from the boom in online shopping.

Silawat Santivisat, KBank executive vice president, and Sandeep Lal, regional head, Digital Consumer Banking Group, DBS Bank of Singapore, recently launched a new real-time money transfer service from Singapore via KBank to various types of accounts at 21 banks in Thailand. It is the first money transfer service that allows senders to check account names and status in Thailand.