Standard Chartered Bank Thailand has joined hands with Advanced mPAY Co to expand its Straight2Bank Wallet platform to corporate clients in the country.
Leveraging Straight2Bank Wallet, the bank’s corporate clients can collect payments, fees or contributions from mPay wallet users or via mPAYSTATIONs through a real-time connectivity, as reported by Finextra.
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While reducing operating costs and risks associated with cash management, the new wallet will also shorten the debt collection period and enhance efficiency in working capital management for Standard Chartered’s corporate clients.
Advanced mPAY managing director Supreecha Limpikanjanakowit was quoted by Finextra as saying, "Today 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," Limpikanjanakowit told the publication.
Starting third quarter 2014, Straight2Bank Wallet collections will be available in Thailand, as part of a global rollout of the platform. The bank has also plans to gradually launch the service in other markets in Asia, Africa and the Middle East.
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