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 | ❌ |
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
Figure 1. Payment process with BAY (online banking)
Bank Transfer
Figure 2. Payment process with BAY (bank transfer)
Mobile Banking App
Figure 3. Payment process with BAY (mobile banking app)