Thailand Post said it is partnering with 10 banks in the country to provide money deposit services via its 1200 branches and counter services nationwide. It expects 50,000 transactions per month with value of around Bt700 million in the next 3 months. Thailand Post president Smorn Terdthumpiboon said the firm is partnering Bank of Ayutthaya, CIMB Thai Bank, Krung Thai Bank, Kiatnakin Bank, Government Savings Bank, Kasikornbank, Siam Commercial Bank, Thai Credit Retail Bank, Tisco Bank and Thai Military Bank for the money deposit service. The Bank@Post services will serve as a counter for banks, which are reducing the number of their branches in recent times. The service targets upcountry customers and online shop owners who can deposit their money via Thailand Post branches and counter services. The maximum deposit is Bt20,000 to Bt50,000 per transaction depending on the terms and conditions of each partner bank.
