A partnership between Thai lender Kasikornbank and Thailand Post will provide greater access for rural customers wanting to access their accounts. The postal group have already begun rolling out the scheme in 964 of its 1,300 posts offices, with cash withdrawals set to be available next year. Cash remains the prominent payment method in Thailand. Kasikornbank has around 1,000 branches, so its physical network in effect will more than double once The deal helps Kasikornbank reach customers who have no local branch without having to expand its physical presence, as well as better serve online merchants and shoppers who use post offices for parcel deliveries. In a country where many people still rely on cash, it is an important step forward that banks are now offering more ways to pay online.
A partnership between Thai lender Kasikornbank and Thailand Post will provide greater access for rural customers wanting to access their accounts. The postal group have already begun rolling out the scheme in 964 of its 1,300 posts offices, with cash withdrawals set to be available next year. Cash remains the prominent payment method in Thailand. The deal helps Kasikornbank reach customers who have no local branch without having to expand its physical presence, as well as better serve online merchants and shoppers who use post offices for parcel deliveries. In a country where many people still rely on cash, it is an important step forward that banks are now offering more ways to pay online.