Grab Thailand and Krungthai Bank have joined forces to promote a cashless society by integrating the GrabPay Wallet with the Krungthai NEXT application, allowing Grab users to conveniently top up their GrabPay Wallet via Krungthai NEXT. Through this collaboration with Krungthai, Grab aims to expand its user base by reaching out to Krungthai NEXT's extensive customer base. Additionally, Grab and Krungthai are launching a special campaign that encourages Grab users to top up a minimum of THB 100 in their GrabPay Wallet through Krungthai NEXT to receive an additional top-up of up to THB 10,000.
Vee Charununsiri, Head of GrabFin of Grab Thailand said “In today's landscape, online transactions and digital payments in Thailand are on a constant rise, driven by technological advancements, the proliferation of fintech services, and shifts in consumer behavior triggered by the COVID-19 pandemic. This trend closely aligns with Grab Thailand's business, where nearly half of our users prefer cashless payment methods, be it through linking their user accounts to credit or debit cards or using the electronic wallet, GrabPay Wallet. Nonetheless, a substantial portion of our users, especially those residing in provinces, still rely on cash for their transactions, making up as much as 63% of our user base1 due to their familiarity with cash or limited access to banking services.”
“In response to this, Grab Thailand has teamed up with Krungthai to offer payment options to Grab users, allowing them to conveniently top up their GrabPay Wallet via Krungthai NEXT. Our recent user survey reveals that 46% of Grab users in provincial areas already have a Krungthai Bank account2.
We are confident that our collaboration with Krungthai will enhance convenience for our users and drive the adoption of digital payments across the country.”
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