Bangkok Bank is set to roll out quick response (QR) code payment through debit or credit cards by end of the year.
The Thai lender revealed its plan with the introduction of QR Code payment through PromptPay, which enables the “Bualuang mBanking” app users to send and receive funds securely.
In order to use the new payment method, users need to download new version of the Bualuang mBanking app to scan QR Codes and instantly pay to participating merchants.
The app enables merchants to create, print and display QR Codes for their shops so that the users can scan the QR code and make quick payments.
The new offering, which is under trail phase is available in various locations in Bangkok, including Lalai Sap Market, and markets in major cities such as Chiang Mai and Khon Kaen.
The bank said that the new QR Code payment can also be used to pay for public transport such as Smart Taxi, online shopping and food delivery services.
The new QR Code payment will be fully launched in November this year and will be available to a number of retail outlets stores throughout the country.
Bangkok Bank executive vice president Prassanee Ouiyamaphan said: “Bangkok Bank always considers customers’ ease of use and designed Bualuang mBanking to meet the needs for both merchants and customers in one app by providing convenient transactions for making payments and receiving money.
“With the ease of QR Code creation, issues on preparing changes and keeping lump sum amount of cash during the day will decrease. Customers can use the Bualuang mBanking app to scan QR Codes and make payments to merchants right away without the need to withdraw money from ATMs.”