Connect with us

Banking

China’s Alipay mobile payment platform and TAT sign letter of intent

Alipay is the world’s largest mobile and online payment platform operated by Ant Financial Services Group, with over 900 million members.

Avatar

Published

on

Bangkok, 27 May 2019 – The Tourism Authority of Thailand (TAT) and Alipay (Hangzhou) Information Technology Co., Ltd.  today signed a Letter of Intent (LoI) to form a long-term strategic partnership that offers Chinese tourists more product and service options while visiting the Kingdom.

TAT Governor Mr. Yuthasak Supasorn said “Thailand is the most popular destination for Chinese traveller in 2018 according to the report by the China Tourism Academy and Ctrip. 

Last year, Thailand welcomed over 10.5 million visitors from China (out of 38 million total arrivals), making it the number one source market for the country.  Hence, the TAT is constantly looking for ways to strengthen tourism products and services that cater to Chinese visitors.”

Alipay is the world’s largest mobile and online payment platform operated by Ant Financial Services Group

“The LoI signifies the commitment between both parties to forge a long-lasting strategic partnership. This cooperation in the field of tourism will facilitate Chinese tourists to access more options and enjoy better services while raising awareness among the Chinese about the ease of travelling to and around Thailand,”

TAT Governor Mr. Yuthasak Supasorn

Alipay is the world’s largest mobile and online payment platform operated by Ant Financial Services Group, with over 900 million members.

It is currently in talks with relevant Thai government agencies, including the TAT, to enhance Chinese tourists’ overall experience in Thailand. Alipay will provide more efficient and convenient payment method via its platform and help Thai local merchants improve their services and better supporting the needs of the Chinese travellers.

Chinese tourists spent on average 55,579 Baht per person per trip in 2018, up 5.1% year-on-year, generating 586,471 million Baht revenue (up 12.6%).

Read More here

Continue Reading
Advertisement
Comments

Banking

Moody’s outlook for APAC corporates remains negative in 2020

Moody’s Investors Service says in a new report that overall credit conditions for APAC non-financial companies will weaken in 2020

Avatar

Published

on

• While positive, the US-China trade agreement will not resolve core differences, dampening business sentiment globally 

(more…)

Continue Reading

Banking

Bank of Thailand (BOT) orders banks to revise interest rates and fees

Bank of Thailand (BOT) has ordered commercial banks to revise their interest rates, and the fees they charge for their financial products and services including ATM and debit card fees

National News Bureau of Thailand

Published

on

Good news for the general public and SMEs as the Bank of Thailand (BOT) has ordered commercial banks to revise their interest rates, and the fees they charge for their financial products and services, including ATM and debit card fees, to help reduce the burden borne by customers.

(more…)

Continue Reading

Banking

Moody’s Sets APAC Sovereigns Outlook to Negative for 2020

19 of Moody’s 25 rated APAC sovereigns have stable outlooks, while four have negative outlooks and two have positive outlooks

Boris Sullivan

Published

on

Moody’s Investors Service says in a new report that its outlook for APAC sovereign creditworthiness in 2020 is negative, underpinned by slower economic growth, a turbulent external environment and some governments’ reduced capacity to respond to shocks.

(more…)

Continue Reading

Most Read

Upcoming Events

Thu 23

12th World Congress on Alzheimers Disease & Dementia

January 23 @ 9:00 am - January 24 @ 5:00 pm BMT
Feb 12

Future Energy Asia

February 12 - February 14
BITEC
Bangkok
Feb 19

13th World Congress on Nursing and Health Care

February 19 @ 9:00 am - February 20 @ 5:00 pm BMT
Phuket
Phuket city
Mar 11

Food science conferences

March 11 @ 8:00 am - March 12 @ 5:00 pm BMT
Mar 11

Food science conferences

March 11 @ 9:00 am - March 12 @ 5:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,040 other subscribers

Trending