Visa brings e-payment options to Thailand

By The Nation

 

 

Visa, the world’s leader in digital payments, is now processing debit transactions in Thailand.

 

Visa announced last November it had received a domestic network licence from the Bank of Thailand.

 

“By operating as a processor of domestic debit transactions, Visa is well positioned to leverage its strengths and network to continually drive innovation and expand access to electronic payments in Thailand creating a more financially inclusive ecosystem for all,” Visa Thailand Country Manager Suripong Tantiyanon said.

 

“Visa Debit will be a stepping stone for further adoption of electronic payments in the country and strengthens the country’s national e-payment agenda.”

 

Through a partnership with National Interbank Transaction Management and Exchange (National ITMX), Visa is now providing banks and merchants in Thailand with a comprehensive range of debit products and resources.

 

A Visa debit card provides consumers with fast, simple and secure access to the funds in their bank account and can be used to make purchases wherever Visa is accepted online and at more than 46 million merchant locations around the world.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30348733

 

-- © Copyright The Nation 2018-06-27

Nice... but if all the banks don't offer the card or if they do not offer it to foreigners who stay say 5 or 6 months a year in Thailand.....it won't be much of interest with everybody !

Could someone explain to me what is the difference between the debit card from Kbank that I have for 7 years, which is a debit card with a VISA logo, and this new debit card, that has a VISA DEBIT logo, apart from the logo?

7 minutes ago, lkv said:

Could someone explain to me what is the difference between the debit card from Kbank that I have for 7 years, which is a debit card with a VISA logo, and this new debit card, that has a VISA DEBIT logo, apart from the logo?

And looking at the photo it looks a bit big.

This is a joke by the way. JIC.

Could someone explain to me what is the difference between the debit card from Kbank that I have for 7 years, which is a debit card with a VISA logo, and this new debit card, that has a VISA DEBIT logo, apart from the logo?

I guess no difference. This is just a PR article and as I understood Visa company can now act as a bank.
For the normal consumer there will be no changes.

 

I wonder how Bangkok bank feels now after ditching their Visa Debit card for crappy Union Pay .?

HUGE card or small Thais? 

47 minutes ago, lkv said:

Could someone explain to me what is the difference between the debit card from Kbank that I have for 7 years, which is a debit card with a VISA logo, and this new debit card, that has a VISA DEBIT logo, apart from the logo?

I think the main difference is the new debit card can be used online

37 minutes ago, Topdoc said:

I think the main difference is the new debit card can be used online

I already have a Bangkok Bank Visa Debit Card which I use online now and again 

1 hour ago, overherebc said:

And looking at the photo it looks a bit big.

This is a joke by the way. JIC.

Actually looking at that pic, I notice that:

 

A. The cardholder's name will be printed instead of Privileged Member, like in Europe.

 

B. It will use Visa Paywave Technology, where you can make payments by touching the POS reader, again similar to Europe, and PINless transactions for small values.

 

One change I have noticed is that Tops and Foodland now do not even require a signature anymore for debit card payments. So this will likely change it to touch payments with PIN required over a certain value and no pin under that value.

Edited June 27, 20188 yr by lkv

 
One change I have noticed is that Tops and Foodland now do not even require a signature anymore for debit card payments. So this will likely change it to touch payments with PIN required over a certain value and no pin under that value.

Big C as well. 700 Baht for Visa and 1.500 Baht for Mastercard no signature required. And they installed new terminals for touch payments and signature is now done on a screen.

2 hours ago, Monkie Business said:

 

I wonder how Bangkok bank feels now after ditching their Visa Debit card for crappy Union Pay .?

I guess they do not care as they have Chinese customers as Number 1 number of tourist in Thailand now.  Plus all the Chinese  doing business here ...

1 minute ago, cnx355 said:

I guess they do not care as they have Chinese customers as Number 1 number of tourist in Thailand now.  Plus all the Chinese  doing business here ...

Bangkok Bank are still issuing Visa Cards not all branches though, I lost mine the other week and they replaced it with another Visa Card valid 2021. They were going to give me the new one but I declined, I asked for a Visa Card, cost me 300 Baht

4 hours ago, webfact said:

“Visa Debit will be a stepping stone for further adoption of electronic payments in the country and strengthens the country’s national e-payment agenda.”

Thus sucking more money out of our pockets and siphoning it into the coffers of Visa.

7 minutes ago, timendres said:

Thus sucking more money out of our pockets and siphoning it into the coffers of Visa.

Yes! I shall stick with cash ? seems to me the simplest way of paying?

42 minutes ago, jamie2009 said:

Bangkok Bank are still issuing Visa Cards not all branches though, I lost mine the other week and they replaced it with another Visa Card valid 2021. They were going to give me the new one but I declined, I asked for a Visa Card, cost me 300 Baht

I still have my Bangkok Bank Debit Card with the VISA logo.  Expire in 07/22. Good to know that I can get a new one if I loose it. But still they are taking good care of the Chinese customers  and have expansion plan in China.

1 hour ago, CLW said:

 

 

Big C as well. 700 Baht for Visa and 1.500 Baht for Mastercard no signature required. And they installed new terminals for touch payments and signature is now done on a screen.
 

 

That's how Tops was before. Over 700 required signature on the digital pad.

 

For the last two months or so, I paid various amounts above that (in the region of 1,000-1,200 with Kbank debit card Visa) and no more signature was required. Same Foodland abt 1,000+, no signature. Few months ago, Foodland required signature for any amount.

Edited June 27, 20188 yr by lkv

LOL!

I punched in the Visa number that's shown in the photo on to the net and this is what I found:

 

Take Note, your Visa Card Number: 4000 1234 5678 9010

 

United Bank of Nigeria.
ATM VISA International credit Settlement.
Directorate of International Payment.
Date: 07/08/2012

Greeting dear,

This is to officially notify you about your Fund that was suppose to be
rendered to you via numerous ways i.e, Courier Companies, Western Union
Money Transfers and Banks.Due to this lost of Funds of yours which was
suppose to be given to you but failed to. So in this case, a beneficial
meeting was held on the 1st August!2012 at the United Bank of Nigeria which
top officials and Central Bank Governors from different countries in the
world were present at the important meeting. Which they discussed on how
your Fund can be given to you without any loss or delay at this time, which
you have to stop any further communication with any other person(s) or
office(s) to avoid any hitches in receiving your ATM Visa payment.In
conclusion at the meeting, The President of United Bank of Nigeria Mr.Robert
B.Zoellick has strictly authorized this Bank to deliver all Funds through
courier companies. Fund which is truly $10.5 Million Us Dollars to all
beneficiaries in various countries in the world as a compensation.

Take Note, your Visa Card Number: 4000 1234 5678 9010#
Visa Card INSERT THIS WAY EXPIRES END: 05/15
ATM Visa Card Account Number: 00001576##

Listen my dear (United Bank of Nigeria) will send you your ATM Visa CARD
which you will use to withdraw all your money in any ATM machine and in any
part of the world, but the maximum withdrawal is $15000 Usd per day while
minimum withdrawal is $5,000 Usd per day. Note that this ATM Visa CARD of
yours have been activated and a security pin code number will be issued to
you from this Bank as soon as you receive your ATM Visa CARD for a safer
withdrawal. Please contact the ATM Visa CARD payment department Manager Mr.
Longinus Ahamefule by sending him your below information's for an immediate
delivery of your ATM Visa card before ending of this month.

1. Full Name:___________________________
2. Address:_____________________________
3. Nationality:____________Sex__________
4. Age:____________Date of Birth:_______
5. Occupation:__________________________
6. Phone:_______Fax:____________________
7. State of Origin:_______Country:______
8. Drivers license:____________________
9. Copy Of Your Identity:_____________

Below is the contact of Mr. Longinus Ahamefule he is the one in charge, so
contact him immediately for the delivery of your ATM Visa card.
His email: => ([email protected])
NOTE=> Try and call him immediately without any delay: (+234-8136118646) OR
(+234-8133073216).
http://static.amefiles.com/images/news/small/6/1181186-work-MartynWright.jpg

Please be notified that this are the charges you have to pay for the
Shipping of your ATM Visa CARD as they are listed Below;
DHL COURIER COMPANY (7 days delivery) Shipping fee: $700
FedEx EXPRESS (7 days delivery) Shipping fee: $700
UPS COURIER SERVICE (7 days delivery ) Shipping fee:$700

Now you are advise to make your choice among three of the Courier Companies
stated above and send the fee via western union to the name of our receiving
agent below.
RECEIVER: Mbah Sampson Obinna
COUNTRY: Nigeria
CITY: Lagos
QUESTION: In God?
ANSWER: We Trust.

SENDERS NAME:..................?
SENDERS COUNTRY:...............?
MTCN NUMBER #....................?

For oral discussion, you can reach Mr. Longinus Ahamefule on his email above
or call his office telephone line given to you above also as soon as you
receive this important message for further directions and also update him on
any development immediately you receive your payment this month. Note that
is because of impostors and internet scammers, we hereby issued you our code
of conduct, which is (In God We Trust) so you have to indicate this code
when getting back by using it as your subject.

Sincerely Yours,
Mrs. Lilian Bryan Armstrong,
Chief Remittance Officer,
United Bank of Lagos Nigeria
ATM INTERNATIONAL CREDIT SETTLEMENT (AICS).

2 hours ago, CLW said:

 

 

Big C as well. 700 Baht for Visa and 1.500 Baht for Mastercard no signature required. And they installed new terminals for touch payments and signature is now done on a screen.
 

 

So Anyone can use you're card,,,,, Pretty STUPID,,,,this has been out for years in other countries, It Ain't Good.

So Anyone can use you're card,,,,, Pretty STUPID,,,,this has been out for years in other countries, It Ain't Good.

Your card is insured against fraud and if you report loss in a certain timeframe.
Therefore no issue.

2 minutes ago, CLW said:

Your card is insured against fraud and if you report loss in a certain timeframe.
Therefore no issue.

Visa cover any losses providing you haven’t been careless with your PIN number although as has been said not all outlets ask for a PIN number and some don’t even check your signature, Big C never do even if it is over the their limit.

19 minutes ago, jamie2009 said:

Visa cover any losses providing you haven’t been careless with your PIN number although as has been said not all outlets ask for a PIN number and some don’t even check your signature, Big C never do even if it is over the their limit.

Absolutely. as I've said on here a few times before, I always sign my name as Enid Blyton (a UK children's author) - just because I can and it's a stupid system asking for a signature which is NEVER checked. Whereas a PIN requirement is much safer.

 

If you stole/found a card, you can try it in Big C for a lower amount than their limit and you won't be challenged - as long as there are enough funds in the account. If you were required to enter the PIN for the transaction, you wouldn't know it, if you found the card.

 

12 hours ago, CLW said:

Your card is insured against fraud and if you report loss in a certain timeframe.
Therefore no issue.

Maybe in the West ,,,, What about Here in Thailand,,, don't think I will take the Risk Here.

1 minute ago, digger70 said:

Maybe in the West ,,,, What about Here in Thailand,,, don't think I will take the Risk Here.

Cards backed by Visa are insured, Visa pick the tab up not Bank.

20 minutes ago, jamie2009 said:

Cards backed by Visa are insured, Visa pick the tab up not Bank.

Insured for what exactly?

 

Are you suggesting that if someone skims my Visa debit card here in Thailand and drains the account, Visa would reimburse? 

4 minutes ago, lkv said:

Insured for what exactly?

 

Are you suggesting that if someone skims my Visa debit card here in Thailand and drains the account, Visa would reimburse? 

Insured against fraudulent use of your card, I had my Visa Debit Card skimmed for £1500.

The money was withdrawn from an ATM in Bangkok, I had never used an ATM in Bangkok although I used one in Patong. Fraudsters skim Cards then sell the details on too a 3rd party.

My Bank said they do not lose out as it’s Visa who refund the money and carry out investigations how the fraud happened.

i have had Visa Credit/Debit Cards ‘hacked/skimmed’ not by an ATM over years when I was working/holidaying abroad and every penny has been refunded.

 

Edited June 28, 20188 yr by jamie2009

10 minutes ago, jamie2009 said:

Insured against fraudulent use of your card,

 

That sounds lovely in theory.

 

You may be referring to the Zero Liability programme by VISA USA, which maybe works there.

 

Normally, banks, and not Visa or Mastercard, would refund fraudulent transactions for credit cards, debit cards are not covered.

 

Furthermore:

 

"The coverage for credit cards and debit cards is different. Debit cards issued by Visa or MasterCard may be covered under their zero fraud liability policies, but only when the transactions are processed on their networks. When you complete your transaction as “credit,” it will likely be processed on a Visa or MasterCard network, based on the logo on your debit card. However, when a PIN is used to complete the transaction, it's more likely that it will be processed on a different network and therefore isn't covered under the Visa or MasterCard's zero liability policy."

 

So when they skim your card and copy your PIN as well, it seems there is no liability whatsoever.

 

And I am doubtful this applies anywhere outside the USA.

 

However, I am not an expert that's why I am asking. I do believe that one should read the fine print of this "protection" to see what it means.

 

Edited June 28, 20188 yr by lkv

19 minutes ago, jamie2009 said:

Insured against fraudulent use of your card, I had my Visa Debit Card skimmed for £1500.

The money was withdrawn from an ATM in Bangkok, I had never used an ATM in Bangkok although I used one in Patong. Fraudsters skim Cards then sell the details on too a 3rd party.

My Bank said they do not lose out as it’s Visa who refund the money and carry out investigations how the fraud happened.

i have had Visa Credit/Debit Cards ‘hacked/skimmed’ not by an ATM over years when I was working/holidaying abroad and every penny has been refunded.

 

 

Good to know. Hopefully the same protection would be in place for cards issued by Thai financial institutions.

Edited June 28, 20188 yr by lkv

1 minute ago, lkv said:

 

Good to know. Hopefully the same protection would be in place for cards issued by Thai financial institutions.

As long as the card is backed by Visa/MasterCard 

On 6/27/2018 at 2:30 PM, observer90210 said:

Nice... but if all the banks don't offer the card or if they do not offer it to foreigners who stay say 5 or 6 months a year in Thailand.....it won't be much of interest with everybody !

Since when a bank, any bank, will do something for the benefit of customers

It is a profit driven operation.