LONDON, UK: Boku Inc (AIM: BOKU), a number one global supplier of mobile payment solutions, introduced that its M1ST (Mobile First) Payment Network has added real-time payment choices for PromptPay and K PLUS in Thailand.
PromptPay and K PLUS join Boku’s M1ST Payments Network, which incorporates over 340 payment strategies in ninety one countries, reaching greater than seven billion payment accounts. Combined, the M1ST Payments Network reaches over 100 million consumer accounts in Thailand alone.
Real-time payments, particularly these that are executed from a mobile phone, have skilled significant growth in Thailand and are forecast to attain 47.3 billion transactions valued at US$2.7 trillion per year by 2025.
Real-time funds networks allow Thai checking account holders to make funds from their financial institution accounts for peer-to-peer (P2P), business-to-consumer (B2C), and business-to-business (B2B) transactions. PromptPay, which boasts of greater than fifty five million users, supported greater than 1.1 billion month-to-month transactions as of November 2021. K PLUS, Thailand’s hottest mobile banking application, launched by KASIKORNBANK (“KBank”), has greater than 17 million users, offering a superior user expertise for real-time payments.
Boku’s launch service provider for PromptPay and K PLUS is a main social media firm who has chosen Boku to present actual time payment acceptance for his or her digital promoting services.
Jon Prideaux, Chief Executive Officer, Boku, commented: “PromptPay and K PLUS are nice additions to the M1ST Payments Network. We have always known customers wouldn’t solely need mobile funds linked to their SIM card or pockets app, however additionally their banking app too. Allowing enterprise customers to pay for his or her digital promoting directly from their banking app is already demonstrating the B2B use cases that exist for real-time mobile payments.”
Supaneewan Chutrakul, Executive Vice President of KASIKORNBANK, said: “We have joined forces with Boku through our on-line payment solution firm KASIKRON GLOBAL PAYMENT and we’re happy so as to add PromptPay and K PLUS to Boku’s M1ST Payments Network. This will allow our PromptPay QR and K PLUS funds to work for global retailers and permit our 17 million customers to make use of a payment method they’ve easy entry to on their device.”
www.boku.com