PTT, KBank launch cashless e-Wallet

Corporate June 16, 2018 22:21

By The Nation

PTT and KBank say they have developed their PTT e-Wallet to enhance consumer convenience and safety in the digital era under the Thailand 4.0 initiative.

The PTT e-Wallet service is due to be available in the fourth quarter of this year, to support the government’s policy to promote a cashless society and to enhance consumer convenience and safety in payments at PTT service stations and shops.

Chansin Treenuchagron, technology chief at PTT PLC, yesterday (Thursday) presided over the signing ceremony for cooperation between PTT, represented by Auttapol Rerkpiboon, chief operating officer, and Kasikornbank (KBank), represented by Predee Daochai, the bank's president. 

Jiraphon Kawswat, PTT vice president, said: "Financial innovations in the digital era reflect that consumers are less reliant on cash. To capitalise on this trend, PTT has readjusted its retail business through the development of the PTT e-Wallet to accommodate consumers’ new lifestyles and respond to their changing expectations as they are seeking greater convenience, speed and security."