The Thai subsidiaries of lender CIMB and payment solutions provider GHL Systems partnered to provide card payment services for CIMB's corporate clients in Thailand's retail and services segment. GHL will become the only partner to service and manage the credit card payments of CIMB's Thai merchants, both on-premise and online. The companies intend to provide more merchants with alternative payments, in line with the Bank of Thailand's initiative to encourage the transition from cash to electronic payments by adding two million new acceptance points. CIMB, a leading financial institution in Thailand, has been working closely with its local partners on this initiative.
The Thai subsidiaries of lender CIMB and payment solutions provider GHL Systems partnered to provide card payment services for CIMB's corporate clients in Thailand's retail and services segment. GHL will become the only partner to service and manage the credit card payments of CIMB's Thai merchants, both on-premise and online. The companies intend to provide more merchants with alternative payments, in line with the Bank of Thailand's initiative to encourage the transition from cash to electronic payments by adding two million new acceptance points. CIMB's president said that the move would reduce operation overheads for its customer base.