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Tag: Thailand

  • AEON Brings Exclusive Privileges and Unbeatable Promotions

    AEON Brings Exclusive Privileges and Unbeatable Promotions

    AEON Thana Sinsap (Thailand) Public Company Limited line up the financial services and exclusive privileges             that cover consumer needs at the 10th Money Expo Korat 2016 including Personal loan, Your Cash, AEON credit cards and membership cards application service. AEON customers who make financial transactions in the expo will get a chance to win a 1-Baht gold necklace and other various premium such as John Lang Ford Bag and                     AEON umbrella. Moreover, AEON consumer who has the financial transaction of every 20,000 baht will receive Big C gift voucher valued at 200 – 2,000 Baht maximum. Additionally, AEON is offering a special interest 0% installment on gold.

    Customers can enjoy other plenty of activities and mini concert featuring a host of popular celebrities including Typhoon – KPN and Tom – Room 39. The 10th Money Expo Korat 2016 will be held on 5th – 7th August 2016                at AEON’s booth A7, The MCC Hall, The Mall Korat. For more information, please visit www.aeon.co.th.

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  • ClouDee set to disrupt businesses in Thailand with cutting-edge cloud telephony technology

    ClouDee set to disrupt businesses in Thailand with cutting-edge cloud telephony technology

    ClouDee cloud telephony services is being brought to the country for the first time through Thailand’s leading provider of international voice telephony services, SawasdeeShop, in partnership with Asia’s largest cloud-based communications provider, Knowlarity Communications.

    SawasdeeShop, established since 1999, is licensed by the National Telecommunication Commission of Thailand (NTC). With a registered capital of 150 million Baht, Sawasdeeshop has telecom switches operating in Thailand, Singapore, Malaysia, Hong Kong and New York and is interconnected to over 100 global telecom carriers.

    Cloud telephony provides telephony services on a cloud-based platform, redefining communication and is fast disrupting conventional telephony systems.  Within minutes of subscribing with ClouDee, users will receive a business phone number and have access to a feature-rich, enterprise-level communication system that has primarily been exclusive to Forbes 500 enterprises or large corporations.  ClouDee eliminates the need for hardware, installation and the high costs associated with a traditional PABX business communication system, making getting a 02 number for Thailand-based business, or over 60 international numbers for global businesses as easy as setting up a business email address.

    At a press conference held today, SawasdeeShop Founder and CEO Aswin Phlaphongphanich and Knowlarity Communications’ Founder and CEO Ambarish Gupta introduced SuperReceptionist and Smart IVR, two innovative communication solutions provided by ClouDee for Thailand’s growing business community.

    SuperReceptionist is a virtual receptionist service, or a smart operator, which activates a cloud-communication center with a powerful CRM for SMEs and start-ups. With its flexible API structure (Application program interface), Smart IVR provides customizable solutions for enterprise-grade communication requirements, which are unique to every organization.  Each product helps start-ups, SMEs and corporations to improve their revenues, save costs, generate leads, increase conversion rates, as well as enable greater mobility.

    According to the Office of Small and Medium Enterprises Promotion (OSMEP), there are around 2.7 million SMEs in Thailand, accounting for 37% of national GDP. ClouDee will initially aim to target 1000 customers across SMEs and enterprises and has invested Thai Baht 10 million in the partnership with Knowlarity Communications.

    Aswin believes that cloud telephony is the first step towards the future of business communications in Thailand.

    “The cloud is changing the way businesses operate and communicate. To simply put it, we are replacing aging PABX systems so that business owners can work smartly and leverage new technologies to their advantage. What ClouDee is doing to business telephony is what Yahoo and Hotmail did to email.

    “ClouDee is user-friendly, highly scalable and extremely affordable, appealing to emerging and established Thai businesses looking to maximize capacity and productivity by integrating SuperReceptionist  and Smart IVR.

    “We want to help SMEs and start-ups in Thailand drive a robust and effective sales and marketing process, and communication is key.  ClouDee can be applied to a wide variety of industries including logistics, healthcare and e-commerce, as well as travel and tourism.  With AEC, there has been rapid growth of businesses within Thailand and in the region. We also plan to roll out ClouDee to the CLMV region which is also experiencing a great rise in business development,” added Aswin.

    With headquarters in Singapore, Knowlarity Communications has a solid reputation for capturing the market share wherever it sets its sights and Ambarish has high expectations of the success of ClouDee in Thailand.

    “We are proud to be part of introducing cloud telephony to Thailand with ClouDee. This is an exciting market to be part of and many businesses are ready to utilize smarter, more streamlined and integrated communication tools,” Ambarish points out.

    Clients using ClouDee in Thailand as their business communication system currently include StockRadars, a Thai stock market management app, and Thailand based money transfer platform, coins.co.th.

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  • TOT said to plan TD-LTE trial next month

    TOT said to plan TD-LTE trial next month

    Thai state-owned operator TOT reportedly plans to launch trial TD-LTE services over the 2.3-GHz band early next month.

    The operator is waiting for permission from regulator NBTC to use network equipment for the non-commercial trial service.

    Private operators AIS, Dtac and True Corp have been invited to join the trial, which is scheduled to begin on August 4, which is National Communications Day in Thailand.

    The trial will be conducted in Bangkok and Ratchaburi. TOT plans to install 20 2.3-GHz base stations along parts of the routes of Bangkok’s Skytrain public transport service. The trial in Ratchaburi will meanwhile use Huawei equipment.

    TOT holds 60 MHz in the 2.3-GHz band, and plans to invite international network suppliers and local operators to jointly introduce wireless broadband services over the spectrum, the report states, citing sources.

    The report states that TOT has already approached Huawei, Nokia, and Ericsson to discuss the project and plans to select the supplier with the best proposal to roll out the network.

    According to the sources, TOT plans to initially wholesale the 2.3-GHz bandwidth to local operators, and use the revenue from this agreement to finance its own 2.3-GHz rollout.

  • Eagle Gates Group plans Asia expansion

    Eagle Gates Group plans Asia expansion

    Eagle Gates Group plans to further expand its Asian retail business in the next five years. Eddy McClough, chief executive officer at Eagle Gates Group, says the group will continue to look at retail opportunities in Asia, with possible plans to establish new offices in the region.

    Eagle Gates Group’s history spans almost a decade and through careful stewardship and intelligent investment, the group has expanded to become one of the leading financial services groups across America and Europe.

    Eddy is positive about the outlook for the Asian market.

    “I see tremendous growth opportunities in the Asia Pacific region, especially the likes of China and Thailand. A number of partnership discussions are already underway. The foray into the Asian market reflects our commitment to growing the global footprint of Eagle Gates Group and gives us access to such an important investment market,” he said.

    Eagle Gates Group provides exchange traded funds and other products investing in indices, infrastructure and real estate. Eagle Gates Group also serves institutional investors who need to invest insurance or pension funds.

    In Asia, Eagle Gates Group has a Tokyo office which has been operational since 2013 but Eddy admitted its Asia business should be bigger.

    “The business in Asia Pacific now represents only single digits of our global business asset size. We are targeting a double digit in the next five years. Asia has a young population and a growing segment of wealthy individuals which would support future growth for the asset management industry,” he said.

    SOURCE Eagle Gates Group

  • Thailand’s TOT and CAT won’t be merged

    Thailand’s ICT minister has insisted that there will not be a merger between the two state-owned operators TOT and CAT even as the companies are under pressure to consolidate their operations.

    Minister Uttama Savanaya has ruled out a merger on the grounds that the organizational structures of the two companies are incompatible.

    But he said the two companies will partly consolidate some of their similar core businesses to help avoid duplication of investment spending.

    Thailand’s State Enterprise Policy Commission has ordered both TOT and CAT to restructure to survive, terminating their unprofitable businesses and focusing on their core operations.

    Both are under pressure now that the nation has moved from a concession model – whereby private operators paid a share of their revenue to the state operators in exchange for use of spectrum assets – to the conventional licensing model.

    The commission has approved in-principal proposals involving consolidating the operators’ transmission, fiber, subsea cable network and internet data center operations.

    But Uttama said that other core areas of the two operators, including fixed broadband, mobility and network rental services, will remain separate.

    He noted that TOT and CAT will need to quickly adjust their organizational and business structures to ensure their survival. TOT has revealed it expects to face an operating loss of 1 billion baht in 2016.

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  • ‘Thailand Shopping Festival’ to offer discounts

    ‘Thailand Shopping Festival’ to offer discounts

    “The economy in the second half should grow more strongly than in the first half. The government will launch many measures to stimulate growth, including the shopping festival to provide discounts for shoppers, and organise a low-price fair to help lower the cost of living,” Commerce Minister Apiradi Tantraporn said.

    The Thailand Shopping Festival will be set up at department stores, modern trade outlets, and retail and wholesale shops nationwide. Discounts of 20-40 per cent will be offered to consumers.

    Meanwhile many Otop (One Tambon, One Product) items and those made by small or medium-sized enterprises will be on sale at tourist destinations including Bangkok, Chiang Mai, Udon Thani, Nakhon Ratchasima, Ubon Ratchathani, Phuket, Surat Thani and Songkhla.

    The ministry will also organise a “Thong Fa Therd Phra Kiat” low-price fair to celebrate Her Majesty Queen Sirikit’s 84th birthday at Impact Muang Thong Thani. The event will offer discounts of 20-40 per cent for consumer goods, food, fresh fruits and vegetables, Otop and SME products, and those from projects initiated by His Majesty the King.

    The low-price fair will take place from August 4-7.

    Moreover, the ministry’s Support Arts and Crafts International Centre of Thailand will hold an “Innovation Craft Fair” as part of the Queen’s birthday celebrations from August 4-12 at SACICT in Bang Sai, Ayutthaya.

    Also next month, in a further bid to promote economic growth as well as help lower the cost of living, the ministry will work with the Employee Council of Thailand to conduct events selling cheap food and fast-food dishes at factories, industrial estates and government agencies.

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  • aCommerce Builds World-class eCommerce Fulfilment Capability with Manhattan Associates

    aCommerce Builds World-class eCommerce Fulfilment Capability with Manhattan Associates

    Manhattan Associates, Inc., (NASDAQ: MANH) today announced that Southeast Asia’s leading ecommerce service provider and online distributor aCommerce has selected the Manhattan SCALE™ product suite to support its continued expansion in the Southeast Asia region. Manhattan SCALE will deliver an improved warehouse management capability across aCommerce’s warehousing estate in Indonesia, Philippines and Thailand, enabling an easier and faster integration of new aCommerce customers. The system will also provide the required degree of scalability for the business’s projected growth in the years ahead.

    warehouse_49

    While the initial implementation of Manhattan SCALE at aCommerce’s distribution centre (DC) in Thailand will be conducted by a joint team from Manhattan, aCommerce and Manhattan’s Thai GeoPartner Logiciel Consulting and Development Co., aCommerce expects its own team will manage subsequent deployments at its other DCs in the region.

    Paul Srivorakul, Group CEO at aCommerce, commented: “Over recent years, local e-tailers and international retail brands expanding into Southeast Asia have focused on building their websites and supporting front end systems but today their ecommerce strategies are increasingly structured around order execution and fulfilment processes. With the Manhattan SCALE solution, we’re aiming to drive improvements in revenue and profitability for our clients through higher service levels to the end consumer as well as give them a more efficient outsourced logistics capability.”

    warehouse_200

    Richard Wright, managing director at Manhattan Associates, Southeast Asia, commented, “Our unique platform will allow aCommerce to deliver on its customer service, distribution efficiency and enterprise growth goals, as well as create exceptional value for its retail customers and the consumers that they serve. We are honoured to be selected by aCommerce and excited to play such a key role in furthering its success as the leading integrated ecommerce services platform in Southeast Asia.”

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  • Thailand retail growth predicted at 6%

    Thailand retail growth predicted at 6%

    Thailand’s retail market is expected to grow at a compound annual growth rate (CAGR) of more than 6 per cent from now until 2020.

    This was revealed in the latest market study by global technology research and advisory company Technavio.

    Its research report, Thailand Retail Market 2016-2020, offers an analysis of the market in terms of revenue and emerging trends, as well as forecasts for six major product segments – grocery, apparel and footwear, beauty and personal care, personal accessories, home and garden, and consumer electronics.

    Grocery

    Valued at US$103 billion last year, the grocery market in Thailand is forecast to reach $145 billion by 2020, growing at a CAGR of 6.92 per cent. The segment is largely driven by the modern retail sector, while increasing urbanisation and changing consumer lifestyles are playing a significant role in the market’s development.

    Supermarkets and convenience stores have shown the fastest year-on-year growth rates with 9.5 and 10.5 per cent respectively last year.

    “Even though hypermarkets offer attractive prices, consumers are increasingly preferring supermarkets for the convenience factor and the availability of a wide product range,” says Technavio lead retail goods expert Poonam Saini. “Unlike supermarkets, which are in urban zones, hypermarkets are generally in bordering areas, catering almost exclusively to nearby consumers.”

    Apparel and footwear

    The second-largest market segment last year, apparel and footwear is expected to reach $9.19 billion by 2020, growing at a CAGR of more than 3 per cent.

    Several foreign companies are competing with local companies in the segment, says the report. International brands have fair penetration rates, offering stylish designs and a wide product range through modern retail stores. Local brands have also been successful with their long-established presence along with customer loyalty and trust.

    “The popularity of the online channel is growing, and players are actively using social media sites such as Facebook and Instagram for promotional campaigns and marketing activities,” says Poonam.

    “Websites such as Zalora.com are becoming popular for apparel and footwear products, as these sites offer promotions and discounts.”

    Beauty and personal care

    One of the fastest-growing segments, beauty and personal care (BPC) is having more than 3 per cent CAGR and is expected to reach $5.53 billion by 2020. A continuous exposure to western beauty and grooming trends has helped maintain the growth of the market over the past few years.

    International BPC companies have a nearly 50 per cent share of the market, with comprehensive product portfolios and innovative products. Thai retailers are expanding and attracting new consumers, says the report, citing cosmetics brand Sephora, which opened two new stores in 2014 after entering the market late the previous year.

    Top vendors

    Technavio’s research analysts name five top vendors for Thailand in the report.

    Topping the list are supermarket Big C and retail conglomerate Central Group. Then follow CP All, which has a chain of 7-Eleven stores, and homewares stores Global House and Home.

    Other prominent vendors in the market are Adidas, Aeon, Isetan Mitsukoshi Holdings, Lazada, Nike, Sephora, Seven & I Holdings, Tesco, The Mall Group and WearYouWant.

    Technavio develops more than 2000 reports every year, covering more than 500 technologies across 80 countries. It has about 300 analysts globally.

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  • AIS to offer family safety services

    AIS to offer family safety services

    Thai operetor AIS has awarded a contract to Gemalto covering the company’s LinqUs Mobile Protection solution.

    Gemalto will provide integrated sophisticated safety-checking features for digitally connected consumers, allowing mobile users to seek real-time location information and online protection for their loved ones.

    AIS expects to use the capability to enhance customer engagement by offering services aimed at keeping subscribers safe and connected to their families. Gemalto will also provide support services to AIS.

    Gemalto partners with iMobileMagic, a provider of cloud based family location and protection products, to offer a service which will allow users to receive real-time notifications when their kids, elderly or other relatives arrive, leave, or stray away from designated areas.

    Families can expect to be able to instantly locate their loved ones or send panic alerts during emergencies. Parents will have the additional ability to put restrictions on their children’s device usage.

    This cloud-connected mobile application, which runs on a wide range of devices and wearables, can help AIS customers to stay close to their families and even pets, in a simple and cost-effective way.

    “Safety and security are the key issues on everyone’s mind these days, and Gemalto’s LinqUs Mobile Protection solution allows us to meet the rapidly changing needs of our society, with lower cost of ownership,” said Titipong Khiewpaisal, SVP for consumer marketing and sales at AIS.

    “It is easy to deploy, scalable, and even available on wearables, making it easy for our customers to stay up to date with the status of their family members, anytime and anywhere,” he said.

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  • Welcoming Australian FreakShakes in Asia

    Welcoming Australian FreakShakes in Asia

    Milkshake treats known as FreakShakes, devised by suburban cafe in the Australian capital of Canberra, have started making inroads to Asia.

    Patissez became a social-media sensation last year when it introduced its signature milkshakes piled with cookies, pretzels and even slabs of cake. Also known for its cakes and desserts, the family-owned patisserie was besieged by queues, so a second store was opened in the centre of the city.

    Now its first store outside Australia has been attracting crowds since opening in Kuala Lumpur last month.
    “We’re thrilled. The team in Kuala Lumpur is excellent,” says owner Anna Petridis. “The store is on Jalan Talawi, Bangsar Village, and it’s beautiful – everything a Patissez store should be. I plan to use that store as the model for all future outlets.”

    Patissez has also just opened in Singapore, in the new Raffles Holland Village. “It’s totally different to Kuala Lumpur but has its own flavour, which definitely suits the area and local market,” says Petridis.

    Now the company is planning more store locations in Kuala Lumpur and Singapore, plus expansion into Bangkok, Beijing and Shanghai. As part of this growth, it is setting up the “Patissez Exchange” which will enable staff members at any level to have the chance to work in the international stores.

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  • Bangkok commerce group launches WeMall

    Bangkok commerce group launches WeMall

    Bangkok company Ascend Commerce has spent more than Bt300 million (US$8.555 million) branching into eCommerce by developing WeMall, which it hopes will feature more than 1000 brands next year.

    Ascend Group CEO Punnamas Vichitkulwongsa says the ASEAN eCommerce industry has outpaced the global growth rate. Thailand’s share of the $15 billion online retail market in the region is around $2 billion, with the country ranking fourth behind Singapore, Indonesia and Malaysia.

    appwemall

    Ascend GM Seubsakol Sakolsatayadorn says online shopping now accounts for 2.3 per cent of the total retail-market value in Thailand, with the growth rate for developed nations ranging between 10 and 12 per cent.

    He says WeMall will focus on end-to-end services and promote itself as the branded marketplace with trusted mechanics for online shoppers. The outlet offers two forms of partnerships, full-scale services and self-formulated services.

    “Brands can run their own online outlets via ready-to-use features. When the business climate turns increasingly competitive, they will be able to adjust their strategy in a timely manner.”

    WeMall has been running trial services for a month, during which it attracted more than 2 million visitors, and more than 60,000 products were sold and delivered.

    “In its pivotal phase,” says Seubsakol, “WeMall features more than 15,000 items from more than 1100 brands in nine main product categories: beauty and healthcare, home appliances, electronic devices, computers and laptops, lifestyle, mums/kids/babies, cellphones and tablets, and cameras and gadgets.”

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  • Thai PM grants regulator total immunity when censoring

    Thai PM grants regulator total immunity when censoring

    Thailand’s Prime Minister and head of the ruling Junta General Prayut has used Article 44 of the interim constitution, commonly known as the absolute power clause, granting total indemnity for the National Broadcasting and Telecommunications Commission when engaging in censorship for national security.

    Article 44 order 97/2557 grants the NBTC commissioners, NBTC secretary-general, NBTC staff and anyone appointed by the NBTC total indemnity from any criminal, civil or disciplinary action resulting from their actions when acting in good faith against those who are engaged in sedition, are a threat to national security, are disturbing the peace or those who are acting against the good morals of the country. However, an affected third party may still seek monetary compensation through the courts.

    The order came days after the NBTC lost a court case when it tried to silence a TV station that was loyal to the former regime of Thaksin Shinawatra.

    Meanwhile, Thailand’s state enterprise policy commission has agreed with the plans put forth by the ICT Ministry and ordered the two state telcos – CAT Telecom and TOT Corporation – to merge their data operations and transfer staff to three new companies within a year.

    Transmission and fiber networks will be under the National Broadband Network Company, Internet gateway and submarine networks will be merged under the Neutral Gateway Company and data centers will be merged under the IDC Company.

    This has not gone down well with the unions.

    CAT Union chairman Thaworn Poomtieng held a rally at CAT’s headquarters yesterday and issued a statement that the plan was drawn up only by the ICT Ministry and Deloitte without any input from CAT management and condemned the order to split up the state telco as dictatorial.

    Thaworn questioned whether the plan was actually to strengthen the state enterprise or if it was simply to sell it off.

    CAT acting President Surapan Meknavin said that he has not yet received any details of the plan from the State Enterprise Policy Commission and that in the past he has only had some high-level talks about reorganisation without going into any detail.

    The move has only added to a groundswell amongst Thailand’s netizens with many fearing the merged Neutral Gateway is simply the first step towards the rebranding of the much hated Single Gateway mass-surveillance project.

    ICT Ministry spokesperson Chatchai Khunpitiluck issued a statement that anyone still talking about the Single Gateway probably either had some misunderstandings or that they were purposefully distorting the issue in order to damage the country.

    Earlier Prime Minister and junta leader General Prayut Chanocha dismissed the numerous Prime Ministerial orders published on the Cabinet website referring to the Single Gateway mass surveillance project as a clerical error by someone who simply got his notes wrong.

  • Dtac profit tumbles 90% to $4m in Q2

    Dtac profit tumbles 90% to $4m in Q2

    Thailand’s Dtac has reported a record 90% slump in net profit for the second quarter of the year, due to a steep decline in prepaid subscribers as well as high capex and other costs.

    Net profit for the quarter fell to 141 million baht ($4 million), in a result the operator also attributed on higher depreciation and amortization costs and lower ebitda, as well as a one-time 394 million baht restructuring cost.

    The company’s total subscriber base shrank by 524,000 to 25 million, with prepaid subscribers falling by 715,000. By contrast, postpaid net additions increased by 77% to 191,000.

    In its quarterly report, Dtac blamed the weak prepaid performance on “competitors’ aggressive subscriber acquisition activities through heavy handset subsidization and strong distribution channels.”

    To address the decline, Dtac has reintroduced prepaid handset subsidies and launched new Dtac prepaid branded SIMs targeting data-oriented users.

    Dtac’s 4G userbase meanwhile increased from 2.9 million in Q1 to 3.5 million in the second quarter, and the operator aims to grow this to 6 million by the end of the year.

    Blended ARPU for the second quarter grew 7% year-on-year to 211 baht as a result of the lower prepaid subscriber base, but declined 2.6% quarter on quarter as growth in data revenue failed to fully compensate for declining voice revenue.

    Capex meanwhile grew to reach 4.29 billion, or 22% of total revenue, as Dtac spent heavily on network rollouts. Network opex increased 3.9% year-on-year to 1.49 billion baht.

    For the full year, Dtac warned it expects intense market competition to continue into the second half. As a result, the company expects service revenues to slightly decline from the previous year, and plans to maintain capex at the same level as last year, which was around 20 billion baht.

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  • Thai PM details Thailand 4.0 policy

    Thai PM details Thailand 4.0 policy

    The Thailand 4.0 policy will chart the country’s new direction, according to prime minister General Prayut Chan-o-cha.

    During his recent national address on the program “Return Happiness to the People”, the prime minister said Thailand 4.0 is a new economic model to develop Thailand into a valued-based economy.

    It is envisioned to change the country’s traditional farming to smart farming, traditional SMEs to smart enterprises, and traditional services to high-value services.

    The policy also seeks to promote creativity, innovation, and the application of technology in various economic activities, the objective of which is to create equilibrium between the environment and society.

    The report in the government website said Thailand has passed through three economic development models – Thailand 1.0, which emphasized agricultural development; Thailand 2.0, which focused on light industries and helped upgrade the country’s economy from the low-income to middle-income status; and the third model, Thailand 3.0, which emphasized heavy industries for continued economic growth.

    In Thailand 4.0, the country needs to pull itself out of the middle-income trap and deal effectively with disparities and the imbalance between the environment and society.

    “This model will be carried out along with the 20-year national strategy and economic reform through the mechanism of “public-private-people partnership.” It will transform Thailand’s comparative advantage into a competitive advantage. In this regard, new engines of growth will be introduced,” the report noted.

    The Prime Minister was also quoted as saying that 10 target industrial groups will become new engines of growth. “Thailand 4.0 also consists of seven industries that are considered the backbone of the digital economy,” the report added.

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  • Thailand Future Fund secures adviser

    Thailand Future Fund secures adviser

    Vorapak Tanyawong, president of KTB, said yesterday that the financial adviser would propose the options for fund mobilisation to the government, with KTB having the nationwide network to distribute fund units to retail customers.

    The capital from selling fund units will be used to finance infrastructure projects, starting with the high-speed-rail project from Bangkok to Nakhon Ratchasima province.

    Separately, KTB yesterday unveiled the KTB PromptPay campaign, which offers prizes worth a total of Bt9 million.

    The campaign will run from July 15 to October 15.

    Songpol Chevapanyaroj, senior executive vice president and head of the bank’s global transaction banking group, said the campaign was part of a strategy to get existing customers to use KTB as their main bank.

    Under the scheme, the bank said fund transfers would be more convenient because there would be no fee if the amount was less than Bt5,000, while the cost of cash management was reduced as well.

    Vorapak said the benefit of being the main bank for customers was the cross-selling of products.

    The bank said it had received more than 300,000 PromptPay pre-registrations since it began accepting them on July 1.

    Official registrations for the scheme, which is designed to enhance e-payments, will be accepted from July 15.

    KTB said it had about 17 million depositors, and it hopes to bring in 8 million more under the campaign.

    Vorapak said the bank’s upcountry customers were more aware of using automated teller machines and digital banking, with transactions at branches declining, including those for retail vendors’ lottery reserves.

    He said retail vendors were migrating to booking lottery tickets via ATMs and KTB’s online channels because they could access reserves from those channels more quickly than they could through the branches.

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