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Thailand’s Big Banks to Waive Digital Transaction Fees

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Thailand’s Big Banks to Waive Digital Transaction Fees

Thailand’s four largest banks have decided to waive off digital transaction fees to retain retail customers, as new channels for online payments and electronic wallets are being launched in the country.

Bangkok Bank, Kasikorn Bank, Siam Commercial Bank (SCB) and Krungthai Bank said earlier this week that they would drop charges by April for digital transactions with other banks, money transfers across banking zones, bill payments and cash withdrawals. Thai banks are feeling the pressure from non-banking competitors as customers are switching to alternative methods of money transfer.

Source: http://www.huahintoday.com/thailand-news/thailands-big-banks-to-waive-digital-transaction-fees/

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