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

Bank of Ayudhya

Bank of Ayudhya (BAY) was founded in 1945 by Chinese businessman Chen Gongkun. BAY is the fifth largest commercial bank in Thailand with 601 domestic branches.

BAY has more than 5.4 million Thai users. Currently, the bank supports three different ways for users to pay: online banking, mobile banking app, and bank transfer via offline ATMs.

Properties

The properties of the BAY payment method are shown in the following table:

Payment type

Online banking, Bank transfer, Mobile banking app

Acquirer

AlipaySG, AlipayUS, AlipayEU, AlipayUK

Acquiring region

SG, AU, HK,

US, UK, EU

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

2M THB (ATM 0.5M)

User experience

The following screenshots show the journey of paying with BAY in different scenarios:

Online Banking

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Figure 1. Payment process with BAY (online banking)

Bank Transfer

image

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Figure 2. Payment process with BAY (bank transfer)

Mobile Banking App

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Figure 3. Payment process with BAY (mobile banking app)