Standard Chartered Bank has announced a partnership with Advanced mPAY to expand its Straight2Bank Wallet platform to corporate clients in Thailand.
This partnership will allow the Bank’s corporate clients to collect payments, fees or contributions from mPay wallet users through a real-time connectivity. Straight2Bank Wallet will lower operating costs and risks associated with managing cash, which will ultimately help to boost efficiency in working capital management for Standard Chartered’s corporate clients.
Supreecha Limpikanjanakowit, Managing Director, Advanced mPAY, said: “mPAY, a one-stop mobile financial transaction service facilitating AIS customers, is pleased to take the service to the next level with a leading partner like Standard Chartered Bank Thailand. Employing modern innovations to enhance transaction efficiency, mPAY firmly believes this partnership will set new standards with better speed and precision between the mPAY platform and Straight2Bank systems.”
Gautam Jain, Global Head of Client Access, Transaction Banking, Standard Chartered, said: “We are privileged to partner with Advanced mPAY in the drive towards advancing electronic payments in Thailand, a key country in our footprint markets. Client centricity remains a strategic priority for the Bank, and we continue to build on our expertise to support clients in capturing the opportunities presented by the global move towards a cashless society.”
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