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 www.epayment.go.th. The Ministry of Finance retains the prizes for three months after the end of the announcement month.


Latest Press Release

WICE establishes a joint-venture, EUROASIA TOTAL LOGISTICS, with its holding 40% of shares to provide cross-border transport services between China, Hong Kong

WICE establishes a joint-venture, "EUROASIA TOTAL LOGISTICS", with its holding 40% of shares to provide cross-border transport services between China, Hong Kong, and South East Asia with the expectation to achieve the first year's revenue at 200 million...

Photo Release: Krungsri Asset Management wins Best Asset Fund Manager 2018 from Alpha Southeast Asia

Miss Siriporn Sinacharoen, Managing Director, Krungsri Asset Management Company Limited received the Best Asset & Fund Manager Award 2018 from Alpha Southeast Asia magazine at a presentation ceremony on 18 September 2018. Behind-success factors...

Bangkok Bank Public Company Limited Offshore Offering and Issuance of US$1.2 Billion Senior Unsecured Notes under its US$3,000,000,000 Global Medium Term Note Program

Bangkok Bank Public Company Limited (the Bank), acting through its Hong Kong Branch, has offered and issued the following 2 tranches of US$1.2 billion senior and unsecured notes (the Notes) under its US$3,000,000,000 Global Medium Term Note Program to...

KBank-Visa to pilot blockchain based B2B payments

Kasikornbank is the first Thai bank in the pilot designed to simplify the cross-border payments, making it more transparent Visa today announced Kasikornbank is the first Thai financial institution to join the Visa B2B Connect pilot program. Visa B2B...

Photo Release: KBank offers financial facility to a leading plastic packaging company

At KBank Head Office, Mr. Thawee Teerasoontornwong (5th from right), KBank Executive Vice President, Mr. Wiwatana Panithansirikul (5th from left), Chief Executive Officer, and Ms. Suporn Panithansirikul (4th from left), Executive Director of S.P. PetPack...

Related Topics