Thailand News
Thailand Post branches out into banking

Thailand Post has joined hands with 10 banks to provide money deposit services via its 1,200 branches and counter services nationwide.
The firm expects 50,000 transactions per month with value of around Bt700 million in the next three months.

Thailand Post president Smorn Terdthumpiboon said the firm is partnering Bank of Ayutthaya, CIMB Thai Bank, Krung Thai Bank, Kiatnakin Bank, Government Savings Bank, Kasikornbank, Siam Commercial Bank, Thai Credit Retail Bank, Tisco Bank and Thai Military Bank for the money deposit service.
The Bank@Post services will serve as a counter for banks, which are reducing the number of their branches in recent times. The service targets upcountry customers and online shop owners who can deposit their money via Thailand Post branches and counter services. The maximum deposit is Bt20,000 to Bt50,000 per transaction depending on the terms and conditions of each partner bank.
The firm will also launch a promotion campaign for customers, with fee charge for deposits at Bt5 per transaction from now util the end of April.
She said that the Bank@Post services will serve as an alternative choice for people who live upcountry. They will be able to deposit their money via Thailand Post branches and counter services without going to the bank.
The firm in the second quarter will invite Bangkok Bank to participate in the Bank@Post services. It will also provide new money withdrawal services while in the next step, it will provide loans and e-KYC (know your customer).
She said by the end of this year Thailand Post will install e-KYC machines.
Recently, Thailand Post initiated many other financial services such as COD through Wallet@Post Application, which has recently been used for 1 million transactions, traffic ticket payment at post office and M-Pass top-up service for automatic payments for tollways and expressway.
The firm by the end of this year expects to generate revenue of around Bt30 billion revenue with net profit of around Bt4.4 billion.
Stay updated with Samui Times by following us on Facebook.- The News3 days ago
Sexy Thai model fined at 5,000 baht for dancing topless in club
- The News3 days ago
Thai woman murders her abusive boyfriend in front of a monk
- The News3 days ago
Mountain B: Owner out on bail, Bangkok club inspection, viral moment
- The News2 days ago
Swedish Embassy hailed for giving 6-month parental leave to Thai staff
- The News3 days ago
Blood pours from Thai man’s mouth who chewed pork skewer with blades inside it
- The News3 days ago
Netizens slam cannabis firm for encouraging underage users
- The News3 days ago
Top 5 reasons to get a maid service in Thailand
- The News3 days ago
Thailand News Today | Poll says 64% Thais had enough with PM Prayut