Cashless Society in Thailand is widely used.

Many people hardly ever have to take cash out of their pockets when paying for purchases, buying food, snacks, and drinks on both sides of the road.

or take a taxi

It's very convenient, it only takes a few seconds.

with financial technology that will replace via credit card

Debit cards and electronic money services (e-payments), especially in the era of the epidemic, when Thai people turn to use the service to reduce the risk of infection until it is familiar today, especially using smartphones via apps. Simple payment scanning application

The use of cashless payments in Thailand ranks among the top sales in the world according to the latest real-time payment transactions report, ACI Worldwide. Collected data in 2021, it appears that Thailand ranks third among the 10 countries with the largest real-time payment market.

There were 9.7 billion real-time payments and 5.241 million growth from the fourth place last year.

by 10 countries that make the highest real-time payments 1. India 46,800 million times 2. China 18,500 million times 3. Thailand 9,700 million times 4. Brazil 8,700 million times 5. South Korea 7,400 million times 6. Nigeria 3,700 million times 7. United Kingdom 3.4 billion times 8. United States 1.8 billion times 9. Japan 1.7 billion times and 10. Turkey 1.4 billion times Global real-time transaction totals reach a record high of 118.3 billion in 2021. an increase of 64.5% compared to the previous year

The reason for its popularity is the growth of e-commerce businesses.

Accelerating the use of many countries looking to transform their infrastructure towards digital and real-time transactions before and during the outbreak of COVID-19.

for Thailand we

After the government has opened "Prompt Pay" to make it easy to receive money transfers and money transfers

Just use your ID number

or mobile phone number

instead of bank account number

through various channels such as internet banking, mobile banking, ATMs

Facilitate people according to the plan to move forward in the digital economy.

Recently, Kasikorn Bank (KBank) has confirmed that it is truly a cashless society.

by providing information that

The use of digital banking platforms has increased by leaps and bounds.

In the past year, the K Plus app has seen an increase of 2 million new users signing up for the app.

This number has more than 1 million new users. The popularity of digital platforms has led KASIKORNBANK to proudly move towards becoming a digital bank.

At present, Kasikorn Bank's transactions

It is a transaction made online up to 98%.

Ms. Kattiya Indaravichai Chief Executive Officer

Kasikorn Bank said it was the first time that the K Plus app was a channel that had more transfer amount than all other bank transfer channels combined.

with banking technology

This allows customers to use the service continuously increasing by about 1 million per hour.

And the amount of money transferred through the app reached almost 10 trillion baht last year.

and reinforces Kasikorn Bank's leadership as Thailand's number one digital bank

While the bank's goal is to become the best digital banking service provider in the region.

Of course, we must pay attention to elevate the security standard of using K Plus services by introducing new technologies to prevent and detect abnormal transactions along with convenience and suitable use for all customer groups. of the bank

Ms. Kattiya also stated that success was partly a result of announcing plans to become

"Challenger Bank" 6 months ago came to the organization

To allow people to access banking products and services from the information of Thai people who have not yet accessed banking services or are difficult to access.

There are approximately 30 million people with the use of advanced technology.

For example, the collaboration with LINE to provide banking services via social media has grown significantly.

With more than 1.4 million new users, more than 18 billion baht in lending through LINE BK, most of which are loans to customers who do not have regular income or do not have a regular salary, such as freelancers and entrepreneurs. Other minor

Previously, such groups often had problems applying for loans because they did not have a regular income or did not have a salary slip as evidence.

which had to turn to loan outside the system instead

The service can be accessed by ordinary people even without a bank account.

Which will know the results of the loan approval within 24 hours and will bring these people into the banking system

make credit history

This will also help support future business expansion. LINE BK will use artificial intelligence (AI) to analyze data.

and other information

To assess the ability and willingness to repay the borrower.

“Challenger Bank” is a disruption phenomenon that challenges the banking business.

which KBank uses as a strategy to combine DNA to meet the needs of all customer groups.

Wanich Young