- Join forces with Mastercard, Visa, and Cybersource to enhance payment solutions for merchants.
- Tap To Pay conveniently - no EDC machine needed
Reinforcing its leadership in digital banking, Siam Commercial Bank (SCB) has recently partnered with global digital payment providers Mastercard, Visa, and Cybersource to develop "SCB Tap-To-Pay," an innovative payment solution for merchants. This partnership makes SCB the first bank in Thailand to enable merchants to offer customers a Tap-To-Pay payment option using mobile devices. The solution supports a wide range of payment methods, including contactless debit and credit cards, virtual cards, and e-wallets on Google Pay, Fitbit Pay, and Garmin Pay. It is secure, timesaving, cost-effective, and easy to use, eliminating the need for EDC machines. In an early phase, the solution is available to merchants who register for the Mae Manee app and use the Mae Manee Tap-To-Pay feature. It will be available for other payment tools in the future.
Mr. Thanawatn Kittisuwan, SCB First Executive Vice President, Head of Digital Juristic & Payment, Ms. Vilasinee Leamkeawsakul, SCB Senior Vice President, Head of the Retail Platform and Solutions Development Division, Mr. Piroon Rojanakamolsan, Vice President, Account Management, Thailand, Mastercard, Mr. Punnamas Vichitkulwongsa, Country Manager for Visa Thailand, and Ms. Jattana Chambers, Cybersource Solution Director for Visa Thailand attended the launch of the SCB Tap-To-Pay solution.
SCB First Executive Vice President, Head of Digital Juristic & Payment, Mr. Thanawatn Kittisuwan said, "A survey by the Bank of Thailand (BOT) found that over the past few years there has been a rapid shift from cash to digital payments among consumers in Thailand. This has led to a noticeable increase in digital payment adoption, resulting in a reduced cash society.' Consequently, businesses need to adapt to meet the changing needs of modern consumers. Offering a wide range of payment solutions will enable retailers to stay competitive in an era with diverse consumer choices. To support this, SCB has partnered with global digital payment providers to develop SCB Tap-To-Pay, among them Mastercard, Visa, and Cybersource. This new payment solution allows merchants to accept mobile tapping payments made with domestic and international Visa and Mastercard credit and debit cards, as well as devices with integrated wallets like Google Pay, Garmin, and Fitbit smartwatches. This solution functions like a virtual EDC machine without the need for terminal installation or monthly fees. The technology is initially being implemented on the Mae Manee app with the new 'SCB Tap-To-Pay' feature, before rolling out to other payment tools such as point of sale (POS) and cash on delivery (COD) systems, tablets, and other options in the future."
"SCB is hopeful that this partnership will enhance the competitive capabilities of Thai business operators by providing them with more opportunities and channels to sell their products, reducing business costs and offering seamless financial solutions to customers. This aligns perfectly with the bank's strategy of being a "Digital Bank with a Human Touch." Mr. Kittisuwan added.
For more information about the 'SCB Tap-To-Pay' service, interested business operators can call the SCB Merchant Call Center at 02-777-7444 or visit the website: scb.co.th