AsiaPay (Thailand) signed agreement to supply white-labeled licensed Payment Gateway and 3-D Secure 2.0 Solution for Krungsri (Bank of Ayudhya PCL), the fifth-largest universal bank in Thailand. The Solution includes the most advanced, certified, and proven digital payment system supporting multiple online payment methods and value-added services, embedded with the latest 3-D Secure 2.0 cardholder authentication technology.
Latest Fintech News: Harris Williams Advises Prima Solutions on the Sale of Prima XL to Duck Creek Technologies
The new advanced multi-channel Payment Gateway system would re-define the payment handling capability of Krungsri, leveraging on comprehensive prevailing online payment methods, anti-fraud, value-added payment functionalities, and reporting, with the latest security and authentication capabilities to grow the acquiring business and better serve merchants.
Mr. Joseph Chan, CEO of AsiaPay says, “With the most advanced, EMVCo compliant, high-quality and secure payment gateway system, customers would enjoy a smooth, convenient yet secured frictionless payment journey with variety choices of payment, while merchants are benefited from the productivity and reconciliation ease. And the Bank ‘s ambition to further expand its acquiring business is well-grounded. We welcome Bank of Ayudhya to adopt AsiaPay’s advanced digital payment technology and join AsiaPay’s payment gateway community, together with other banks in Thailand and worldwide.”
Latest Fintech News: Celsius Network Initiates Financial Restructuring to Stabilize Business and Maximize Value for All Stakeholders
Mrs. Yingluk Kongkasai, Head of Transactions Banking, Bank of Ayudhya says, “The New Payment Gateway Project is a strategic move of the Bank to re-position as a leader in acquiring business, allowing merchants to boost up their online sales volume. The new payment gateway system is a comprehensive and integrated solution able to support multiple online payment methods with the most advanced processing, reporting, and security features. We look forward to a smooth project implementation journey with AsiaPay.”
Latest Fintech News: Aduro Advisors Announces Acquisition of VMS Fund Administration, Solidifying Its Position as a Leading Venture Capital Fund Administrator
[To share your insights with us, please write to sghosh@martechseries.com]
