Paymentwall adds True Money Wallet, Rabbit LinePay, Boonterm Kiosk, and Big C to its extensive payments coverage in Thailand. Merchants who want to take advantage of this can integrate Paymentwall and enable these payment methods in their control panel and start monetizing customers in Thailand with no additional contract and no additional API integration.
With this latest addition, merchants can tap into over 15 million users from two of the leading electronic payment wallets in Thailand, True Money Wallet and Rabbit LinePay, where users can pay in the form of barcode scanning. Alternatively, customers without a bank account can pay in cash at Big C stores, or any Boonterm Kiosk in multiple locations that are accessible 24/7.
The size of Thailand’s e-commerce market has grown significantly, specifically online shopping and related activities that have rapidly been increasing after the national emergency and lockdown measures that were implemented due to the impact of COVID-19. As offline activities decrease, and the reluctance to make unnecessary contact grows, even people with little or no existing online shopping experience will use e-commerce, and the growth of Thailand’s e-commerce market is expected to accelerate further.
Through a single API integration with Paymentwall, merchants in Europe, the US, Latin America, Southeast Asia, and the Middle East will be able to process payments in Thailand alongside any of over 150 supported payment methods at the flick of a switch, without the need for a local entity in Thailand. The integration for these payment methods also includes:
- Full reporting and reconciliation
- THB processing
- USD settlement
Paymentwall has been active in Southeast Asia since 2010, and in the past few years, Paymentwall has helped major companies, such as LG Electronics, Corel, and Bottega Veneta, to expand in the region. Sign up for a Merchant Account on the Paymentwall website or contact Paymentwall’s business development team at firstname.lastname@example.org to start accepting payments in Thailand.