Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

K PLUS

K PLUS is a wallet app provided by Kasikornbank Public Company Limited, one of Thailand’s leading banks and renowned for its leadership in retail banking and digital banking innovation. K PLUS holds the highest market share among all banking apps in Thailand and boasts an impressive user base, with 17 million Active App Users (AAU) and 15 million Monthly Active Users (MAU).

Properties

The following table lists the product properties of K PLUS:

Payment type

Alipay+ payment method

Acquirer

AlipaySG, AlipayUS, AlipayUK, AlipayEU

Acquiring region

SG, AU, HK,

US, EU, UK

Payment flow

Redirect

Checkout Payment

✔️

Buyer country/region

Thailand

Auto Debit

✔️

Funds deduction

Real-time

Refund

✔️

Processing currency

THB

Partial refund

✔️

Minimum payment amount

1 THB

Chargeback/Dispute

Maximum payment amount

2,000,000 THB

Refund period

365 days

User experience

The following figures show the K PLUS authorization process:

KPLUS-APP-Autodebit.png

Figure 1. Authorization process (app)