Venyon and Kasikornbank to cooperate on contactless mobile payments

The trial will make it possible for Kasikornbank customers to walk into a store that accepts contactless payments and to purchase goods simply by waving a NFC mobile phone over the contactless reader at the point of sale. Purchases will be charged directly to the customer’s Kasikornbank credit card account. Participants in the Kasikornbank mobile payment trial will use their NFC-enabled Nokia 6212 mobile devices to make purchases at more than 1,000 existing merchant locations in Thailand. Venyon’s role in the first stage of the Kasikornbank mobile payment trial is a services partner and in future stages a Trusted Service Manager (TSM). TSM provides neutral and trusted services to service providers, such as banks, retailers and transit operators, and to mobile network operators to enable third party NFC applications to be provisioned over the air (OTA) to the NFC-enabled phones and SIM cards. Ms. Anchalee Charasyosvuthichai, First Vice President, Credit Card Product Management and Marketing, Kasikornbank said: “We strive to offer the best and most comprehensive financial services to all our customers, as well as being at the forefront in adopting new technology to enhance our services. We will be offering an easy, fast and convenient way for our customers to make purchases electronically. Most consumers in Thailand now carry their mobile phone with them wherever they go, enhancing the appeal of mobile banking and mobile payment services.” “TSM services utilizing the over the air delivery channel provide a secure and easy-to-use solution for banks to download and manage their applications on NFC-enabled mobile phones. With rapidly increasing number of contactless smart cards in Thailand for payment and ticketing and the involvement of leading stakeholders such as Kasikornbank, there is a great opportunity to launch mobile contactless services that truly add value to consumers” adds Venyon CEO Lauri Pesonen. www.venyon.com www.kasikornbank.com 

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