Bangkok Bank signs agreement to receive contributions to the Social Security Fund through the e-payment system as Thailand moves towards cashless society
November 02, 2017
Bangkok Bank Director and Executive Vice President Dr. Thaweelap Rittapirom signed an agreement with Ministry of Labor Permanent-Secretary Jarin Chakkaphark and Social Security Office Secretary-General Suradej Waleeittikul to receive contributions to the Social Security Fund through the e-payment system. The agreement was signed between the Social Security Office and banks and fits with the government’s Thailand 4.0 policy. Employers can apply for Bangkok Bank’s service via BIZ iBanking and Corporate iCash, convenient online channels that enable employers themselves to make transactions that meet global security standards. Employers can also calculate and make additional payments. The whole payment process is more convenient for employers with no fees. The initiative is in line with the National e-Payment strategy to move Thailand towards a cashless society.