KASIKORN BUSINESS-TECHNOLOGY GROUP (KBTG) has debuted new contactless technologies for bill payment to be in step with Thai people’s ‘New Normal’ way of life. The service will be offered at Black Canyon outlets. The company plans to extend the service to other businesses in the future.
Ruangroj Poonpol, KBTG Chairman, noted that the Covid-19 pandemic has obviously affected the lives of Thai people, as they have increasingly shifted to digital spending. As evidenced, the number of accounts opened via K PLUS has been surging over the past three months, around 13 million accounts and will be 15 million accounts by the end this year. The first five months, transactions increased by 68%, by which e-commerce transaction grew 128%. Meanwhile, contactless technology has played a pivotal role in helping to mitigate the spread of the coronavirus, as it favorably accommodates the ‘New Normal’ in Thai society.
KBTG – the IT arm of KASIKORNBANK – has developed six new contactless technologies which include:
Mr. Ruangroj added that KBTG aims to create innovative technologies amid the Covid-19 situation. It has initiated the development of these new contactless technologies to keep the Thai population safe from the contagion. This initiative has been launched alongside attempts to restore and reinvigorate economic potential and businesses. Adjustments have been made to the concepts, visions, management styles and habits of various businesses, starting with restaurants and carried forward into banking circles – with KASIKORNBANK set to embrace the status of the ‘Future of Banking’.
Moreover, KBank is now prepared to expand on contactless technology and make these new features available to businesses in the entertainment, fashion and health industries in the near future, as part of the so-called ‘New Normal’. KBank will open an API (Application Programing Interface) for businesses to co-develop use case for sustainable ecosystem. In a long term, it’s expected that Thailand can export the contactless technology.