BANGKOK, 14 November 2017 (NNT) – Krungthai Card (KTC) has become the first credit card company in Thailand to offer the QR code payment service, of which trial run will begin this week.

Mr Woottichai Jarernpol, KTC Executive Vice President for Information Technology, announced that KTC is responding to the government’s goal of establishing a national e-payment system by introducing its customers to the new QR code payment service. He said KTC card holders will be able to pay for products and services with QR codes through the mobile application TapKTC.

The trial run of the QR code payment service will kick off from November 16. During the initial period, the service will be available at participating small and medium-sized stores within four areas, consisting of Or Tor Kor Market, Lung Perm Market behind the Thai Airways International Head Office, Hua Mum Market on Kaset-Nawamin Road, and Sukhumvit Soi 31 and 33.

Not only does QR code payment allow shoppers to pay with ease, it is also considered beneficial to shop operators as it can reduce transaction costs and give them more space that would otherwise be needed for placing EDC machines.