GSB aims to have a total of 226,000 top-up points.
Thailand's Government Savings Bank (GSB) is expecting to receive central bank approval from its plan to cooperate with three top-up machine service providers as it aims to have the largest deposit network in the country, reports Bangkok Post.
The three providers, which have a combined 211,000 top-up machines nationwide under the brands Boonterm, TermsabuyPlus and Termde, will give GSB a total of 226,000 points to accept deposits, said president Chatchai Payuhanaveechai.
"We expect new client numbers will increase to 2 million a year in three years, with deposits estimated to increase by 5% or 100 billion baht a year over the same period," he said.
The bank expects customers to start depositing money through top-up providers from April 1.
Apart from the three top-up machine operators, GSB recently appointed Thailand Post, TOT, TrueMoney, Central Department Store, and Counter Service as banking agents.
Do you know more about this story? Contact us anonymously through this link.