The Asian Banker

Kasikornbank enables convenience for partner merchants through new mobile solution launch
Kasikornbank expects to win over around 20,000 card-accepting smart-phones and tablets in 2013, of the 50,000 additional merchants it aims to capture over a similar period.

Apr 24, 2013 | Durva Lakhlani

Preamble Kasikornbank is one of the largest and most advanced banks in Thailand and a leading bank in the small and medium enterprises (SME) space. In order to provide greater convenience to its partner merchants, Kasikornbank introduced K-Merchant on Mobile which changes tablets or smart phones into credit card swiping devices. The challenge With banks having to comply with Basel III next year, corporate lending will require higher Tier 1 capital. Banks can look to boosting lending to SMEs in order to maintain return on equity. Moreover,…

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Categories: Channels, Mobile Banking, Retail Banking, Retail Payments, Technology & Operations, Thailand
Keywords: Kasikornbank, Thailand, K-Merchant on Mobile, mPOS
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