KTC and Fitbit Launch Fitbit Pay in Thailand. KTC customers with a Fitbit Ionic and Fitbit Versa can now make secure contactless payments on the go.

Stocks and Financial Services Press Releases Wednesday October 10, 2018 12:15
Bangkok--10 Oct--Krungthai Card

KTC and Fitbit (NYSE: FIT), the leading global wearables brand, announced that starting October 10, 2018 Fitbit Pay(TM) will be available to its customers in Thailand with a Fitbit Ionic or Fitbit Versa and starting November 2018, on its newest tracker, Fitbit Charge 3. Fitbit Paylaunch in Thailand brings convenience and freedom to KTC users so they can leave their smartphone and wallet at home, and make secure purchases at stores where contactless payments are accepted. Customers of KTC can add a Visa or Mastercard credit card to their Fitbit(TM) app, and use their device to make payments on the go directly from their wrist, which caters to the lifestyles of health-conscious consumers who have a penchant for convenience, immediacy and secure financial transactions. In preparation to proliferate promotions to stimulate members; KTC will be offering 5% cash back promotion for consumers making over five transactions within a month at over 40 merchants.

Ms. Pittaya Vorapanyasakul, Executive Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, states, "KTC prioritizes meeting members' needs by developing its technology as quintessential to the creation of new services to provide conveniency and consistent amazing customer experiences, all the while expanding its alliances to cover members' varied lifestyles in a cashless society. Our partnership to launch Fitbit Pay in Thailand will alleviate service, and expand payment channels for members' increased convenience, without endorsing credit cards as the only payment method."

Fitbit Pay transactions use an industry standard tokenization platform for all transactions. User's card information is never revealed or shared with merchants or Fitbit. Plus, a PIN is chosen by the user during device set-up for an added layer of protection.

"KTC wishes members will get chances to experience Fitbit Pay across multiple partners in the country from October 10, 2018 to December 31, 2018. Therefore, KTC has also established a 5% cash back promotion for members who make over five payments using KTC credit cards through Fitbit Pay per card and month (get cash back on spending not exceeding 5,000 Baht/month/card) at over 40 merchants that cover all lifestyle categories, including Movies i.e. Major Cineplex / SF Cinema; Restaurants i.e. A&W / After You / ChikaLicious / Coffee Beans by Dao / Domino's Pizza / HOT POT / Huasenghong Dimsum / Jeffer Steak & Sea Food / McDonald's / S&P / Yayoi; Supermarkets i.e. all Big-C branches / CJ Express / Gourmet Market / Jiffy convenient stores located in PPT gas stations / Maxvalu; Cafes i.e. Cafe Amazon / Inthanin located in Bangchak gas stations / Coffee World; Other merchants i.e. Adidas / Beauty Buffet / Boots / Beautiful Optical / Better Vision / Cath Kinston / Giffarine / Amway / Health Land / Kiss Me Doll / Lyn Around and Pandora."

"The addition of "Fitbit Pay" for KTC credit card members is yet another advancement and continuation from the development of the TapKTC application and the diversification, in order to prepare members to become accustomed to a true cashless society" Ms. Pittaya concludes.

For more information, please contact KTC PHONE 02 123 5000 or visit www.ktc.co.th, apply for a credit card at any "KTC TOUCH"branches or click link: http://bit.ly/2skCwZ8

Latest Press Release

ASEAN needs a stronger sales pitch to realise its supply chain potential: HSBC

South-east Asia, and particularly Thailand, cannot expect to see a wide-scale divergence of supply chains coming its way unless there are improvements in production technology & capacity, and regional integration, according to HSBC. The comments...

Bitfinex and Ethfinex Launch IEO Platform - Tokinex

Bitfinex and Ethfinex, two of the world's leading digital asset exchanges, today announce the launch of Tokinex, their new Initial Exchange Offering (IEO) platform. Tokinex, allows qualified users to discover and participate in curated, pre-vetted token...

ASEAN needs a stronger sales pitch to realise its supply chain potential: HSBC

South-east Asia, and particularly Thailand, cannot expect to see a wide-scale divergence of supply chains coming its way unless there are improvements in production technology & capacity, and regional integration, according to HSBC. The comments...

UNUS SED LEO Listing on Bitfinex Following Completion of $1bn Contribution

We are pleased to announce that UNUS SED LEO, a utility token designed to empower the Bitfinex community and provide utility for those seeking to maximize the output and capabilities of the Bitfinex trading platform, will commence trading on Monday May...

Photo Release: EXIM Thailand Celebrates Successful Issuance of Renewable Energy Bond

Mr. Pisit Serewiwattana (second left), President of Export-Import Bank of Thailand (EXIM Thailand), together with Mr. Hironori Oka (second right), Senior Executive Managing Director and Head of Asia and Oceania, Daiwa Capital Markets Hong Kong Limited...

Related Topics