NTT DATA is confident that Thailand has the potential to go into the digital finance world. Point out that the trend of credit card spending with QR Payment is coming, suggesting to speed up the system to accept new trends
NTT Data (Thailand) Co., Ltd., under NTT Data Corporation Company Limited, a leading global leader in digital business and IT services. Identify the Thai financial industry that still has potential and is ready to go into the digital finance world Keep an eye on the trend of credit card payment with QR Payment, which is hot following Thai people are used to it. Scan to pay via PromptPay, revealing that service providers, banks, microfinance operators are ready to invest in a credit card payment system by scanning QR Payment, suggesting safety concerns and preparing a system to support new trends such as crypto-K Lorenzi (Crypto Currency) Sop Channel Offers Services Comprehensive payments from upstream to downstream
Mr. Hironari Tomioka, Chairman and Chief Executive Officer of NTT Data (Thailand) Co., Ltd. revealed that Thailand has the potential to rapidly develop into the digital finance world. due to the availability of technology original entrepreneur Large commercial banks have strategies to adapt to the new financial world, including the emergence of fintech entrepreneurs and startups. and the cooperation of the three sectors Develop and promote the digital financial ecosystem with new financial innovations that are rapidly advancing. Thai consumers are more familiar with the new context of cashless payment via e-Payment or almost all forms of digital payment. In particular, paying by scanning QR Payment instead of using cash is convenient, fast, and secure. and free of charge Responding to consumer spending during the COVID-19 outbreak in the past 2 years, according to the Bank of Thailand or the Bank of Thailand, there are more than 7.4 million payment points via Thai QR Payment ( Aug. 2020) covering department stores Medium to small shops, government services, hospitals, educational institutions, transportation services. Including the electronic donation system (e-Donation) project. In 2020, Thailand had 13.39 million transactions via Thai QR Payment, an increase of 49.14% from 2019.
However, this behavior is a motivating factor for investment in the system. To support the need for spending QR Payment via credit card Currently, Thailand has nearly 20 million credit cards and other types of personal loans such as cash cards, personal loans. Including cross-border payments via QR Payment that has increased due to convenience Fast and secure in addition to doing traditional business karma by banking, credit card, and microfinance operators including shopping center operators big store medium to small Invest in system improvements to meet consumer demand in the digital finance era and help reduce hardware costs. and management for service providers and operators as well which the development and improvement of the system must take into account convenience and speed on maximum safety Along with preparing the system to support the extension to new payment services in the future, such as QR Payment, as well as education of payment systems with Crypto Currency or digital assets. Which is a new trend in the digital finance world and NTT DATA can develop to connect all these payment systems.
NTT DATA is one of the key service providers providing all kinds of payment solutions including payments, credit cards and cross-border payments. with end-to-end payment services from consulting, design, procurement and development of payment technology solutions. and card processing mobile payment system Including business intelligence systems and data analytic systems, including business intelligence, which will help build on the collection of consumer shopping data. Let’s analyze To anticipate transactions related to payments Focus on delivering innovative technological solutions. It uses specialized resources and experience to deploy payment solutions. improves investment efficiency and maximize returns To support the financial business by increasing flexibility Through integrations on various platforms, including
1. Card Management System (Issuing) to manage accounts for end customers, cardholders, including Visa, MasterCard, UnionPay and JCB. A variety of formats, including Non-card Account formats, online parameterization, recommend new products. to customers quickly which the company can Provides a variety of services including Credit Card, Virtual Card, Revolving Card, Fleet Card, Corporate Card, and others, which can work simultaneously or in addition to each other.
2. Merchant Management System (Acquiring), which is designed to allow merchants to support multiple payment channels and can be continuously developed. To increase flexibility for convenient and comprehensive customer service, it also creates opportunities for merchants to build competitiveness in the market.
3. Payment Gateway system is a merchant service provided by NTT DATA that allows end customers to pay online to e-commerce websites or mobile applications using credit card, prepaid card or debit card.
4. Mobile Payment system is a contactless payment channel. You can use a smartphone application to scan. Users can easily scan QR Code or QR Payment then make instant payments on their mobile devices without cash. meanwhile A group of financial service providers was able to reduce hardware costs. which the cardholder does not need to go to the branch to make the switch from cash to digital or digital to cash and increase the payment channel for e-Payment, divided into 2 components
Part 1 Cardholder Presented QR Code generation in consumer application (C Scan B). Merchants then scan QR Code. If transaction is complete, both merchant and cardholder will be notified.
Part 2 Merchant Presented The cardholder scans the merchant’s QR code (B Scan C), enters the payment amount and initiates the payment. The cardholder and merchant will then receive a notification that the transaction was successful.
5. The e-Wallet system allows merchants to make contactless payments. Shoppers can pay with their e-wallet balance or with their preferred credit or debit card.
