Major Cineplex Group and RapidzPay have agreed to build a digitalised payment ecosystem in Thailand with the signing of a Memorandum of Understanding (MoU).
The MoU signing took place recently at Blu-O Rhythm & Bowl, Siam Paragon, which is an entity under Major Cineplex Group.
Under the MoU, Major Group and RapidzPay will collaborate on developing the Point-of-Sale (POS) framework of integrating cryptocurrency assets payments into traditional established payment gateways to make payment for Major products and services more seamless, secure and efficient. RapidzPay provide corporate and personal payment solutions by using a decentralized blockchain platform. Cryptocurrencies holders can send their cryptocurrencies to the RapidzPay digital wallet via the mobile app, and in turn spend their cryptocurrencies to make purchases or send payments to their peers. Similarly, merchants can use RapidzPOS to collect both cryptocurrencies and fiat currencies, Major Cineplex Group’s director of marketing & relationship Chanya Tamrongweenichai said yesterday.