SINGAPORE | 2C2P, payment service provider based in Singapore, will now process all online sales transactions for Thai Airways International (THAI), for both domestic and international ticket sales. Thai Airways’ customers now have more payment options, including credit cards, debit cards, and bank channels, such as ATM and Internet banking.
2C2P supports all major credit cards
2C2P’s payment processing services work with all major card companies, including Visa, MasterCard, American Express, JCB and China UnionPay. The company’s payment solutions run on Payment Card Industry Data Security Standard (PCI DSS) Level 1, the most efficient and secure payment platform.
'20% of our sales is online'
“The prevalence of online booking is particularly high in the travel and tourism sector. We anticipate more than 20% of our total annual sales of more than THB 400 billion will be purchased online in the next one to two years,” said Mr. Chutintorn Srisitikum, THAI Vice President, Digital Commercial Department. “Thai Airways plans to expand this processing controller to cover sales in other countries such as Australia, Russia and South Korea for more effective financial handling from various acquirer banks. We are confident of this joint ability to service our expanding geographical reach, given 2C2P’s reputation for providing convenient, secure and stable systems to control online payments and transactions,” added Mr. Srisitikum.
Southeast Asia’s E-commerce Wave
“Online bookings and purchases will continue to increase, riding on Southeast Asia’s e-commerce wave. With our payment solutions, we are well placed to grow with Thai Airways, as they expand their global reach,” said Mr. Piyachart Ratanaprasartporn, CEO of 2C2P (Thailand) Co. Ltd. “Customer convenience is at the heart of this partnership and we will continue to enhance payment options,” added Mr. Ratanaprasartporn. There are plans to incorporate more payment options for travellers on THAI, with additional channels such as ATMs and payment counter services in the near future.
Thai E-Commerce Sales Forecast 2013: US $4.75 billion
On the back of a growing internet audience, the rise of both lower cost and premium mobile devices and increasing consumer acceptance of cash alternatives, e-commerce in the region is rapidly growing. In Thailand, for example, the Thai E-Commerce Association has forecast that e-shopping reached THB 156 billion (US$4.75 billion) in 2013, up 30% from the previous year. With low credit card penetration in Southeast Asia, these consumers will only continue to seek alternative payment solutions.
About Thai Airways (THAI)
THAI operates as the national airline on 67 international routes and 10 domestic routes over five continents, offering legendary service with gracious Thai hospitality that makes every journey smooth as silk with THAI.
2C2P (Cash and Card Payment Processor) is a comprehensive payment solutions provider, transforming millions of everyday payments in Asia-Pacific. The company offers solutions from traditional payment gateway to alternative cash payment processing, as well as variety of innovative payment solutions tailored for the needs of e-commerce and m-commerce merchants, banks and financial institutions of any size. For more information, visit http://www.2c2p.com
2C2P Payment Gateway service was developed by 2C2P to offer a simple and efficient way to access your payment partners via a full-featured gateway that accepts all worldwide credit card associations. Our payment gateway is used by many of the fastest growing Asian businesses.
Sourced from 2C2P, April 10th, 2014