Hanpass Signs Agreement with Leading Thai Bank 'Kasikorn'... Strengthening Southeast Asia Market Strategy

Hanpass announced on May 19 that it has signed a payment network connection agreement with Kasikorn Bank, a leading bank in Thailand. Following its expansion of payment partners in Vietnam, Hanpass is now targeting the Thai market through this new partnership.

Hanpass is currently building partnerships with major local banks and payment gateway (PG) companies in Thailand. The agreement with Kasikorn Bank is the result of Hanpass being recognized for its ability to establish stable partnerships and operate its business effectively with local partners. Through this new partnership with Kasikorn Bank, Hanpass will be able to strengthen its brand awareness and trust in Thailand, while also improving accessibility and convenience for local recipients.

Through this agreement, Hanpass plans to enhance its remittance and transfer services, and also provide additional services such as a mobile wallet and mobile payment solutions. In particular, Hanpass aims to offer easier, faster, and more convenient remittance services to the approximately 200,000 Thai nationals residing in Korea.

Lim Sangtaek, Chief Strategy Officer (CSO), stated, "By adding Kasikorn Bank, the second largest bank in Thailand, to the Hanpass remittance network following our partnership with the largest commercial bank in Vietnam, we are now able to provide more convenient services to Thai remittance customers." He added, "We will continue to expand partnerships with leading financial institutions in each country and introduce an even more advanced range of financial services from Hanpass."

He continued, "In line with Hanpass's vision of making the world a better place through borderless financial services, we are preparing to expand our services not only in our key Southeast Asian markets, but also into North America, Europe, and Central Asia. We will continue to demonstrate Hanpass's commitment to cross-border innovation without remaining complacent."

Meanwhile, Kasikorn Bank was established in 1945 as the Farmers Bank and performs functions similar to Korea's NongHyup. It holds the status of a national standard in many sectors in Thailand, including QR payments for Thai citizens. Based on assets, it is the second largest commercial bank in Thailand and was listed on the Thai stock market in 1976. Currently, it operates 887 branches and 8,184 ATMs in Thailand. It is one of Thailand's leading banks, having established global partnerships with 76 banks in 14 countries.

This content was produced with the assistance of AI translation services.