Reporting and analysis on retail, e-commerce, and consumer trends in Thailand, updated continuously by our newsroom.
Father and son team Asad and Ameer Jumabhoy from tourist VAT refund and payments technology company The Scotts Group, and Jeremy Tan, an expert in financial technology, mobile payments and loyalty platforms from Korvac Holdings, announce the launch of UTU, a…
2C2P, the leading Southeast Asian payments company which processes billions of dollars in transactions each year, has announced 320,000 offline payment locations for its ‘123’ payment solution. ‘123’ is an alternative payment service. Through it, consumers of…
PayPal, a global leader in digital payments, has appointed Somwang Luangphaiboonsri as Country Lead of its Thailand subsidiary. As Country Lead, Mr. Somwang will be responsible for assisting PayPal to capitalize on the explosive growth of cross-border…
Siam Makro, which runs the Makro cash-and-carry store chain, has clinched a 3-billion-baht (US$85.75 million) deal to acquire four food companies. Through its wholly owned subsidiary Siam Food Services, Siam Makro has entered into an agreement to acquire an…
Former Manchester United stars Ryan Giggs and Gary Neville will open a football-themed cafe in Singapore next year as part of a business venture with real-estate firm Rowsley. Gary Neville (left) and Ryan Giggs team up. Cafe Football is the first overseas…
Whether paying with contactless cards or mobile wallets, Thais prioritize security over convenience and are more likely to use contactless payment methods when they know strong security measures are in place, according to a recent study conducted by Visa. The…
Ant Financial Services Group has announced a strategic agreement with Thailand fintech company Ascend Money. Under the agreement Ant Financial will invest in Ascend Money, with the aim of accelerating the growth of a mobile lifestyle and digital financial…
Thai hypermarket operator Big C Supercenter boosted margins in the latest quarter despite the challenging economic climate. The company has reported continued resilient rental and service income growth, margin improvement across the board thanks to a focus on…
Samsung Electronics has confirmed Samsung Pay Thailand will make its debut before the end of this year. Thailand, Malaysia and Russia are three of 10 new markets where the payment technology will be introduced. Samsung Pay has also announced a global…
Thai online fashion retailer Pomelo has raised a follow-on round, bringing its total Series A funding to US$11 million. This round was again led by Singapore-based Jungle Ventures, with participation from existing investors and new contributors including 500…
Global Business Outlook (GBO), a business publication based out of London, has conferred the 2016 awards for ‘Best Commercial Bank’ and ‘Best Retail Bank’ in Thailand to Bank of Ayudhya (Krungsri). Krungsri was established in 1945, and its ordinary shares…
Legal representatives from both TrueMove and Dtac have slammed the new computer misuse act for moving the burden of proof to ISPs to prove their innocence while True said that the Single Gateway government mass surveillance program was still alive and well.…
Following a decade of declining health, 88-year-old King Bhumibol Adulyadej of Thailand, the world’s then-longest-reigning monarch, passed away in Bangkok on October 13. The king’s untimely death concluded a reign that lasted more than seven decades and…
The ASEAN region (The Association of Southeast Asian Nations) is emerging as one of the most promising e-commerce markets in the world to replace the saturated Chinese market. Following the establishment of the ASEAN Economic Community (AEC) at the end of…
Thai retailer Central Group expects revenue to rise 21 per cent to Bt320 billion ($9.17 billion) this year following strong growth in overseas business plus tourist spending. Controlled by Thailand’s Chirathivat family, Central is seeking to expand in…
Asia is home to more than half the world’s most dynamic retail hubs, according to new research that reinforces images of the region’s mall-strewn megacities. The research, by professional services and investment management company JLL, says 12 of the…
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