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Bangkok market begins transition to cashless payments

Breaking News June 20, 2018 10:42

By The Nation

A fresh market in Bangkok's Thung Khru district has gone cashless, with almost 100 per cent of vendors having opened QR code accounts to receive mobile banking money from customers.



Boonyarit Kalayanamitr, director0general of the Internal Trade Deparment, said the Talad Mai Tungkru Market has become a role model for other markets to follow in the transformation to a cashless society.

He said the latest survey found that almost all of the vendors at Talad Mai Tungkru Market on Pracha Utht 61 road now have QR code bank accounts.

With the QR code system, customers can use their mobile banking apps to scan the QR codes at the stalls and the app will prompt the buyer to remit money from their account directly the vendor’s account. The buyers will simply have to specify the amount to be remitted.

Parinya Aminsen, the manager of the Talad Mai Tiungkru Market, said the market has over 1,000 vendors and almost all of them offered the QR code facility.

So far, working people and teenagers had shopped with the QR code system, which accounted for 10 to 15 per cent of payments at the market.

He said the ratio is expected to rise soon.

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