Krungsri Bank launches online bill payment solution for Thai SMEs

SME merchants can accept payments via QR code.

Thailand’s Krungsri Bank has launched the Krungsri Bill Payment Online, enabling small and medium enterprises (SMEs) to receive payments with the promise of reduced IT costs.

Created with the Express Software Group, the solution uses API technology to help SMEs with invoice management and account reconciliation, Krungsri said in a press statement on its website.

The system will generate a QR code on the invoice of the SME merchant so that customers can pay by scanning the QR code immediately.

“This is one of our strategies this year – to use our expertise in API technology to connect to various systems so as to help businesses receive payments in an easier, more convenient and faster way,” said Ninlawan Jeeraboon, Krungsri Head of Transaction Banking Group.

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