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

Kbank

Kbank is the fourth largest commercial bank in Thailand. The bank was formerly known as Farmers Bank of Thailand, which was established on June 8, 1945. Kbank floated on the Stock Exchange of Thailand in 1976. It was the first bank in Thailand to offer electronic payments.

Kbank has more than 17 million users in Thailand. Currently, the bank supports two different ways for users to pay: online banking and bank transfer via offline ATMs.

Properties

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

Payment type

Online banking, Bank transfer

Acquirer

AlipaySG, AlipayUS

Acquiring region

SG, AU, HK, US

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

5M THB

User experience

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

Online Banking

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Figure 1. Payment process with Kbank (online banking)

Bank Transfer

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Figure 2. Payment process with Kbank (bank transfer)