Thai Credit Bank launches new feature of "Micro Pay e-Wallet", application for merchants and promote entrance into the smart market

Mr.Roy Agustinus Gunara, Chief Executive Officer of Thai Credit Bank PCL, stated that "the bank has been committed to giving importance to sustainable growth for all customer groups for more than 18 years with a core strategy that understands and reaches out to customers, determined to be a part in driving customers's businesses to grow as well as creating financial equality, especially for small entrepreneurs such as merchants because the bank believes that a sustainable economy must start from a strong foundation."

The bank realizes the importance of facilitating the efficiency of merchants' business operations. Therefore, it has co-developed the "Micro Pay e-Wallet" with new feature application to help facilitate fast and convenient trading, as well as to manage finances efficiently. The development of this application will help create financial behavior in the digital system, help create a new customer base, build long-term relationships, and continuously develop products and services to lay the foundation of financial discipline for small entrepreneurs to grow in the economic system steadily.

Mr.Kamolphu Phuredithsakul - Senior Executive Vice President, Thai Credit Bank PCL and Managing Director, Thai Micro Digital Solutions Co.,Ltd. added that the "Micro Pay e-Wallet" with new feature has been developed under the concept of "Customer-Centric & Inclusion-First", emphasizing the customer as the center. It comes with important features designed to support shops and fresh markets nationwide to become Smart Markets in particular, such as Prompt QR Merchant, receive money immediately without having to log in, QR My Shop, helps create a financial history for use in applying for loans, and Request to Pay, a new tool for market owners to collect rent and manage tenant information in a single system.

Currently, "Micro Pay e-Wallet" has more than 650,000 accounts from more than 320,000 registered merchants, covering more than 5,000 fresh markets nationwide, with a total of more than 48 million transactions, reflecting the popularity of using it among merchants and fresh markets, which has been continuously increasing.

Importantly, most of our merchant are in low-income segment, which more than 80 percent have never accessed a source of credit in the system, making them an "Unbanked" group. The bank has therefore co-developed this platform to help merchants operate their businesses more conveniently. Since its launch, the application has incurred no transaction fees, truly serving the merchants.

Thai Micro Digital Solutions Co., Ltd., a subsidiary of Thai Credit Bank PCL, aims for Micro Pay e-Wallet to be a mechanism to enhance financial behavior in the digital system more, supporting merchants to have convenience and speed in doing business and access to sources of funds in the system fairly and equally.

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