Krungthai Bank united with CAT provide total financial solution

Stocks and Financial Services Press Releases Thursday November 8, 2018 14:51
Bangkok--8 Nov--Krungthai Bank

Mr.Payong Srivanich, President and CEO of Kunthai Bank and Colonel Sanpachai Huvanandana, President of CAT Telecom (Public) Company Limited announce collaboration Krungthai NEXT >>> EVERYTHING CONNECTED to CAT to provide total financial solution in order to satisfy every customer's need and mobilize CAT into Cashless Organization on 8 November 2018 at CAT Tower Bangrak.

Mr.Payong Srivanich revealed that as state-owned commercial bank which appointed to jointly support government's Thailand 4.0 policy by apply new technology to serve customers and citizen and also announce digital strategy to be completely Invisible Banking, positioned itself as wireless transaction which can carry along with customer to proceed any transaction in anytime and anywhere by transform Mobile Banking "Krungthai NEXT" that covered most services in Thailand which are the beginning of initiation Mobile Banking to the grass roots citizen and trult elevate Mobile Banking industry to macro infrastructure.

"This collaboration between 2 organization occurred to make CAT's customer received faster and more convenience with QR Code Cross Bank Bill Payment service that allow CAT's customer to pay their bills via Mobile Banking of any bank which help to improve cash management efficiency, reduce cash collection and cash missing problem, enable to review payment report via KTB Corporate Online. Moreover the bank also planed to provide other financial services for CAT such as Paybill via KTB Corporate Online to receive bill payment from juristic customers and pay the bill to government agent and Pay Alert service to receive telecommunication payment."

Recently, the bank has been provided Krungthai Cash Management service to CAT in both debit and credit aspect such as Bill Payment for Telecommunication Bills, EDC machine, Telecommunication Bill Payment via debit and credit card, automatic Direct Debit service, Payroll, KTB Direct Credit, KTB Fleet Card and apply Krungthai Corporate Online for financial information.

Colonel Sanpachai Huvanandana stated that this collaboration will support CAT to expand personal customers payment channel from existing payment channel which correspond with consumer's behavior in digital age and response government's policy to mobilize Thailand into cashless society and innovation driven economy, "Thailand 4.0". As national's digital and telecommunication provider, CAT have the main mission to develop digital business with modern technology in every aspect such as IoT, Big Data, Smart City on CAT communication networks in concept of "Going Digital with Smart Connectivity" to facilitate every customer group appropriately and more efficiently.

Latest Press Release

Siam Commercial Bank and SCB Abacus announces success of AI-powered lending platform for SMEs on Lazada to capture booming e-commerce trend

The new solution marks Thailand's first e-marketplace end-to-end digital lending platform and reinforces SCB's industry leadership Siam Commercial Bank (SCB) announces the success of "Clickcash" (Mae Manee Sri Online), Thailand's first end-to-end...


The FinLab announced the launch of its Smart Business Transformation Programme to help Thailand-based small- and medium-sized enterprises (SMEs) transform their businesses through digital solutions. The programme is supported by United Overseas Bank...

Photo Release: KBank teams up with PTTOR to offer first KBank Service at Cafe Amazon, PTT Service Station (Ekamai-Ramintra)

Ms. Jiraporn Khaosawas (1st from left), Chief Executive Officer and Managing Director of PTT Oil and Retail Business PCL. (PTTOR), and Mr. Patchara Samalapa, KBank President, recently introduced "KBank Service" or deposit service at Cafe Amazon, PTT...

SHREIT announces distribution for unitholders of 0.2561 baht per unit All three existing hotels continue to generate excellent revenues in past three months Results from first 10 months of 2018 yield total distribution of 0.5997 baht per unit

Strategic Hospitality Extendable Freehold and Leasehold Real Estate Investment Trust (SHREIT) on 19 November 2018 announced distribution payment for the past four months (1 August - 31 October 2018) to unitholders at the rate of 0.2561 baht per unit. And...

KTC joins forces with Bangkok Airways Airline in launching seven brand-new KTC Bangkok Airways credit cards beyond the power of boutique, all-in-one cards.

KTC jointly with Bangkok Airways, celebrate their 13th partnership anniversary and Bangkok Airways' 50th anniversary, transforming seven KTC – Bangkok Airways credit cards to cover all card alliance networks including MasterCard, VISA and JCB,...

Related Topics