Debit Card Lucky Drawing, Fourth Round: Promoting a Cashless Society

Stocks and Financial Services Press Releases Tuesday September 26, 2017 15:49
Bangkok--26 Sep--KASIKORNBANK

Mr. Pornchai Theerawetch, Adviser on Finance of the Fiscal Policy Office and the Deputy Spokesman of the Ministry of Finance, says that the MOF has presented 1,012 awards totaling 6.9 million Baht to debit cardholders and EDC-equipped merchants at the fourth round of the Debit Card Lucky Drawing. Spending via debit cards during the round covered all retail commerce segments, e.g., gas stations, F&B venues, supermarkets and minimarts, affirming successful promotion of cashless transactions within the populace, which should advance Thailand toward becoming a 'Cashless Society' soon.

The award ceremony was held at the PTT Gas Station, PTT Head Office. Dr. Somchai Sujjapongse, Permanent Secretary for Finance, chaired the ceremony and presented the first prize of 1 million Baht to Ms. Chananya Jarupat, owner of PTT Ratchapruek Petroleum. Also at the ceremony, Ms. Sirithida Phanomwan Na Ayutthaya, Assistant Governor for Payment Systems Policy and Financial Technology Group of the Bank of Thailand, gave the first prize for debit cardholder, 1 million Baht, to Mr. Jeatsada Yothikul, who broadly uses his debit card in lieu of cash for spending wherever possible; he also won the 7th prize in July, proving that the "more you use it, the greater your chances to win". Other honorable guests at the event included Mr. Krisada Chinavicharana – Director General of the Fiscal Policy Office, Mr. Suwat Techawatanawana – KBank Executive Vice President and Ms. Jiraporn Khaosawas – PTT Executive Vice President.

Other awards, totaling THB4.6 million, were credited into winners' accounts, with 10 second prizes of 300,000 Baht each to EDC-equipped merchants, and 1,000 third to seventh place prizes being awarded 100,000 Baht-2,000 Baht. These awards are paid by the Government Lottery Office.

There will be eight more monthly contests in the Debit Card Lucky Drawing program through to May 2018 (using the transaction records of April 2018) offering 1,001 prizes per month to cardholders and 6-30 prizes per month for merchants, totaling 55.1 million Baht in value. One transaction of card spending or card acceptance via an EDC device earns one prize drawing entry. The prizewinner lists are announced on the 16th day of each successive month at The Ministry of Finance retains the prizes for three months after the end of the announcement month.

Latest Press Release

Photo Release: EXIM Thailand Celebrates 25th Anniversary Promoting Thai Entrepreneurs to New Frontiers Market Penetration and Sharpening new SME Exporters Global Competitive Edge

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), announced on the Bank's 25th anniversary, at EXIM Thailand's Head Office on February 21, 2019 that EXIM Thailand is ready to play its role in bridging the business...

Photo Release: Sansiri debentures worth 5.5 billion Baht are offered for subscription via four major banks until February 26

Mr. Apichart Chutrakul (center) Chief Executive Officer, Sansiri PCL., Mr. Thiti Tantikulanan (2nd from left), Capital Markets Business Division Head, KASIKORNBANK, Mr. Narin Opamuratawongse (left), Executive Vice President and Manager, Investment...

New World Development จับมือ ASTRI สร้างแพลตฟอร์มบล็อกเชนสำหรับซื้ออสังหาริมทรัพย์แพลตฟอร์มแรกของฮ่องกง โดยมี BOCHK เป็นธนาคารแห่งแรกที่เข้าร่วม

New World Development Company Limited (NWD) ประกาศว่า บริษัทได้สร้างแพลตฟอร์มบล็อกเชนสำหรับซื้ออสังหาริมทรัพย์แพลตฟอร์มแรกของฮ่องกง ร่วมกับ Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI) โดยมี Bank of China (Hong...

LGT opens wealth management office in Thailand for high net worth investors

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, today announced the opening of its wealth management business in Thailand, following the successful award of regulatory approvals. Located in...

EXIM Thailand Celebrates 25th Anniversary Promoting Thai Entrepreneurs Opportunities in New Frontiers

EXIM Thailand Celebrates 25th Anniversary Promoting Thai Entrepreneurs' Opportunities in New Frontiers and Product and Knowledge Base Development to Enhance SME Exporters' Global Competitiveness Mr. Pisit Serewiwattana, President of Export-Import Bank of...

Related Topics