Visa and Digio enable digital payments acceptance for Thai Customs Department
More than seven in ten small businesses around the world say accepting new forms of digital payments is fundamental to future growth - Visa study.
Paying tax, duty and customs fees just got easier in Thailand as Visa, the world’s leader in digital payments, and Digio, Thailand’s leading payment solutions provider, have enabled digital payments acceptance for the Thai Customs Department.
The initiative is the first digital payments enablement of a Thai government agency, with customers now able to make fast, convenient and secure digital payments online or at payment kiosk at the Thai Customs Department.
Pipavin Sodprasert, Country Manager, Visa Thailand said: “We’re excited to work with Digio to expand digital payments acceptance in Thailand, especially in a government sector. A number of Thai businesses and merchants still rely on cash and checks which is both labour intensive and inconvenient for them and their customers. There is tremendous opportunity in the B2B payment space to convert cash to digital payments. Through our network and innovative solutions, we are transforming how business is conducted and are paving the way for the future growth of cross-border commerce.”
Nopphorn Danchainam, Managing Director, Digio, said: “At Digio we are committed to revolutionising the way business is conducted through innovative payment solutions. We are excited to be working with Visa to support the digitization journey for the Thai Customs Department. The use of digital payments in Thailand is accelerating and we hope customers and businesses will benefit from our digital payment platform.”
The integrated online payment platform is powered by Digio, Visa’s first Business Payment Solution Provider in Thailand. A Business Payment Solution Provider facilitates the acceptance of digital payments by allowing buyers to pay with their Visa commercial credit card, and sending funds directly to the seller’s bank account.
In Visa's recent Global Back to Business study1 conducted among small businesses around the world, more than seven in ten (73%) respondents said accepting new forms of digital payments is fundamental to future growth. In addition, nearly six in ten (59%) small businesses surveyed said they already are, or plan to, use only digital payments within the next two years.
Payments to the Customs Department can be made using a Visa commercial credit card. The use of corporate Visa cards provides users with a number of additional benefits including being able to extend payment dates and faster credit card settlement processing. The new online process also cuts down on paperwork required by businesses when releasing goods from customs and simplifies the process of goods release and payment. For more information, visit www.digio.co.th/thunjai-bpsp.
1 The Visa Back to Business Study was conducted by Wakefield Research in December 2021 and surveyed 2,250 small business owners with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates and United States. The consumer section surveyed 1,000 adults ages 18+ in the United States, and 500 adults ages 18+ in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore and United Arab Emirates.
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.