Kasikorn Bank
Kasikorn Bank (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 | ❌ |
Maximum payment amount | 5M THB | ||
User experience
The following screenshots show the journey of paying with KBANK in different scenarios:
Online Banking
Figure 1. Payment process with KBANK (online banking)
Bank Transfer
Figure 2. Payment process with KBANK (bank transfer)