Thailand Mobile Payments News

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• June 2024 - BNP Paribas and BPCE have unveiled their intentions to forge a strategic partnership in the payments arena. Through this collaboration, both banks aim to make significant strides in the payments domain by jointly securing advanced technology for processing payments for cardholders and merchants. This new processor will manage all card transactions for BNP Paribas and Groupe BPCE across Europe, encompassing a staggering 17 billion transactions, with the potential to extend services to other banks. Positioned as the leading processor in France, both groups harbor ambitions to elevate it to one of the top three processors in Europe.
• April 2024 - Bluecode has partnered with Alipay+, becoming its latest mobile payment partner. This allows Bluecode users to make payments via Bluecode-enabled apps at Alipay+ supported stores in Europe. Issuers can integrate Bluecode into their apps and banking systems, enabling QR code payments directly from checking accounts.

• September 2023: Apple expanded its Tap to Pay feature across Brazil. It is a feature on the iPhone where a merchant can use an iPhone as a POS system that can be used for payments. A customer can then use their iPhone and pay with Apple Pay. The launch is a part of the company's aim to democratize access to advanced payment services and offer merchants the ability to accept payments quickly.
• July 2023: PagBrasil launched a mobile POS solution with real-time currency exchange. The mobile POS service allows the citizens of Brazil to pay for in-store purchases with Pix, benefiting from real-time currency exchange and lower transactional costs.

• July 2024 - SequenceShift, a global leader in Payment Card Industry (PCI) Compliance solutions for Amazon Connect Contact Centers, has proudly announced its new designation as an Associate Participating Organization with the PCI Security Standards Council (PCI SSC). Working hand-in-hand with the PCI SSC, SequenceShift is committed to enhancing the security of payment data worldwide, advocating for the ongoing evolution and adoption of PCI Security Standards. The PCI SSC leads a global, cross-industry initiative, bolstering payment security through adaptable, industry-focused, and impactful data security standards and programs.
• July 2024 - Network International (Network), the leading facilitator of digital commerce in the Middle East and Africa (MEA), has introduced business payment solutions specifically designed for businesses, corporations, and entities in the travel industry within the UAE. Partnering with Mastercard, these solutions enable Network International to harness Mastercard's global expertise in digital payments. This collaboration covers card offerings, expense management, and cutting-edge virtual card innovations. Consequently, Network International's commercial clients in the UAE can seamlessly digitize business expenses, streamline payables and receivables, strengthen payment security, and improve cash flow.
• May 2024 - MoneyHash, a payments firm based in Dubai, has forged a partnership with Visa. This alliance is set to deliver secure digital payment solutions for MoneyHash's clientele throughout the Middle East and North Africa (MENA) region. These clients rely on MoneyHash's platform for payment orchestration and revenue operations. The collaboration underscores the critical need to enhance payment infrastructure, focusing on speed, security, and reliability.
• April 2024 - TokenEx and IXOPAY are merging, creating a formidable entity in global payment optimization. This union combines TokenEx's expertise in payment data tokenization with IXOPAY's premier payment orchestration capabilities, including transaction routing and reconciliation. The merged entity will operate as IXOPAY, a TokenEx Company, providing a comprehensive suite of products aimed at securing and refining payment processes.

• August 2024: Fincluded, a fintech firm based in the Netherlands, has launched PINCARD, a payment account tailored for EU migrant workers. This initiative seeks to cater to the evolving financial service requirements of the expanding migrant workforce in the Netherlands.
• July 2024: Nationale-Nederlanden, a Dutch insurance group, plans to launch digital payment accounts in the Netherlands to enhance its financial services portfolio. This is a "natural addition" to the group's current financial services, which are primarily supported by NN Bank, its retail banking division powered by Temenos. NN Bank serves around 1.25 million retail customers in the Netherlands, offering a variety of services, including mortgages, savings accounts, lending, and investment products. These services extend the group's broader offerings in individual life and non-life insurance.

• June 2023: Mastercard announced the launch of a Multi Token Network (MTN), a set of foundational capabilities designed to make transactions within the blockchain and digital asset ecosystems secure, scalable, and interoperable making that enables payment and commerce applications to be more efficient.
• November 2022: Google changed the name of its contactless payments app, Google Pay, to Google Wallet, which now includes various items, such as digital keys, loyalty cards, and credit and debit cards. A few more nations are adopting the Wallet branding, increasing the total to 57 countries. The service is now available to customers in Argentina.

• February 2024 - Salsify, the Product Experience Management (PXM) platform, announced the general availability of Salsify PXM Advance, a new version of the Salsify platform that features product advancements across AI and automation, efficiency improvements in governance and syndication and Enhanced Content capabilities to drive increased conversion rates. The new version also introduces the Salsify PXM App Center, a central home base for PXM innovation from Salsify and their global network of partners.

• October 2023 - SAP SE, one of the global leaders in enterprise cloud solutions, announced new generative AI capabilities across the SAP Customer Experience portfolio, including SAP's natural-language generative AI copilot Joule. The new capabilities, which can be applied across the entire SAP CX portfolio, include abilities like automating labor-intensive tasks with curated role-based AI tools, supercharging catalog management, and product discovery with AI.

• April 2023: Getnet Restaurants, a joint venture between Getnet México and Pacto, has been established. The partnership between Getnet and Pacto provides a comprehensive, integrated point-of-sale (POS) solution, including automatic payment reconciliation and mobile ordering capabilities, utilizing Getnet's advanced smart bank terminal.
• May 2022: Toshiba unveiled mobile POS, flexible self-service solutions, and frictionless retail technologies at Eurocis 2022. Toshiba demonstrated how payment is made fast and securely on mobile devices or mPOS using pin-on-glass technology. In this technology, the PIN is entered directly through the surface of the smart device, such as a tablet or smartphone, instead of a devoted PIN entry device.

• May 2024 - Visa has partnered with MoMo, VNPAY, and ZaloPay, driving digital payment options in Vietnam. The primary goal of this alliance is to streamline payments for Visa cardholders, especially at small and medium enterprises (SMEs). Through this collaboration, Visa users can directly tap into their Visa cards for purchases at merchants who already accept payments through the QR codes of these three e-wallets. This move is poised to boost sales for SMEs and widen their customer reach, elevating the overall customer experience. 
• May 2024 - Vietnam's PVcomBank has unveiled its mobile banking application, PVConnect, developed in collaboration with Temenos Digital and hosted on Amazon Web Services (AWS). The app, according to Temenos, boasts a contemporary and intuitive design, offering a suite of services including electronic ID verification, bill management, fund transfers, payments, and a rewards program.

• April 2023: Shopee has announced that ShopeePay is Available in Thailand as a payment method to buy Apple services, such as the app store, icloud storage, etc. Customers can use their Shopee Pay account to pay for things like Apple Music, Oscar TV apps, iTunes store purchases, etc. Adding a mobile wallet as an Apple ID payment method offers a new and more convenient way for payments with Apple services while allowing you to make one-tap purchases on products like iPhone, iPad, or Mac without using your credit card.
• November 2022: Google Pay and Wallet have launched in Thailand as the pandemic has filled a fear of cash across every customer, and while contactless payment options were widely available and used in other countries, Thailand can also have a boarding pass stored in Google Wallet so that you don't need to carry paper passes when flying, which makes it slightly more convenient.
  

• May 2024: Razorpay POS, the offline payments division of the fintech provider, unveiled 'Q-Zap,' an innovative payment solution tailored for retailers. This solution aims to streamline checkouts, ensuring swift transactions and eliminating queues. Razorpay POS, with Q-Zap's assistance, targets a 40% reduction in billing time, alongside potential annual savings of up to 20% for retailers on operating costs.
• December 2023: Vyapar App, a player in fintech, is revolutionizing the Indian retail scene with its latest offering, V-POS, an advanced point-of-sale software set to redefine retail operations. Designed with a strong focus on user experience, V-POS aims to equip businesses of all scales with a holistic retail solution, seamlessly integrating with their existing software setups.