Visa and GARMIN launch GARMIN Pay in Thailand
In this article (5)
Visa, the world’s leader in digital payments and GARMIN, in partnership with leading financial institutions, announced the launch of GARMIN Pay, a new contactless payment feature on GARMIN smartwatches. Starting 15 November, customers of Kasikornbank, Krungthai Card and Siam Commercial Bank can add their Visa credit or debit card to their GARMIN smartwatches, while Bangkok Bank is in line to launch by first quarter 2019. The feature offers a new cashless experience, where purchases can be made seamlessly at growing contactless-accepted merchant locations. The emergence of payment innovation and technology mark yet another milestone helping to transform Thailand into a less-cash society.
Mr. Suripong Tantiyanon, Visa Country Manager for Thailand said: “Visa is pleased to support the launch of Garmin Pay, bringing Visa contactless payments to Garmin smartwatches in Thailand. Visa believes payments wearables are the future of fast, simple and secure payments, for people who lead an active lifestyle. According to Visa’s “sweaty money” survey, 57 percent of people who bring cash or a payment.
card along on their workouts are stashing it somewhere uncomfortable and inconvenient. Garmin Pay will be a welcome solution for anyone looking for an effortless way to pay while on the go. This launch is another milestone in Visa’s commitment to continue providing payment innovations and experiences across a wide range of form factors to consumers in Thailand.”
Mr. Krairop Luang U-Thai, General Manager of GIS, the authorized distributor of GARMIN products in Thailand said: “GARMIN Pay is the latest feature on the GARMIN smartwatch. Select the credit card you want to connect to the watch and create the GARMIN Pay Wallet by filling in the card information on the GARMIN Connect application along with your passcode. All customers then have to do is place their wrist near a card reader that supports contactless payments to purchase goods and services. GARMIN Pay uses tokenization offered by the global payment networks to secure users’ information. The tokenized data is saved in an isolated safety chip which is in device, so to keep sensitive data from malware or virus. In addition to Thailand, GARMIN Pay is also currently available in 22 countries around the world.”.
GARMIN Pay is available on vivoactive 3 series, forerunner 645 series, fenix 5 plus series. Check back for future additions and more information about GARMIN Pay, visit Garmin.co.th/Garmin-Pay
Questions & Answers
Q.Which specific GARMIN smartwatch models are compatible with GARMIN Pay?
Which specific GARMIN smartwatch models are compatible with GARMIN Pay?
GARMIN Pay is available on the vivoactive 3 series, forerunner 645 series, and fenix 5 plus series. The article also suggests checking back for future additions to this list.
Q.How will customers add their payment cards to their GARMIN smartwatch to use GARMIN Pay?
How will customers add their payment cards to their GARMIN smartwatch to use GARMIN Pay?
Customers must select the credit card they wish to connect to the watch and create a GARMIN Pay Wallet by inputting the card information through the GARMIN Connect application, along with a passcode.
Q.Which financial institutions are participating in the launch of GARMIN Pay in Thailand?
Which financial institutions are participating in the launch of GARMIN Pay in Thailand?
Kasikornbank, Krungthai Card, and Siam Commercial Bank are participating from 15 November. Bangkok Bank is expected to launch the service by the first quarter of 2019.
Q.What security measure does GARMIN Pay use to protect users' payment information?
What security measure does GARMIN Pay use to protect users' payment information?
GARMIN Pay uses tokenization provided by global payment networks. This tokenized data is stored in an isolated safety chip within the device to protect sensitive information from malware or viruses.
Reader pulse
This launch fuels the push for a cashless society. Is it:
19,320 votes so far