Bangkok Bank and Hua Seng Heng introduce a new cashless innovative channel ‘Gold Express’ for the first time in Thailand
March 27, 2017
Bangkok Bank President Chartsiri Sophonpanich (3rd from right) and Senior Executive Vice President Chansak Fuangfu (2nd from right) together with Hua Seng Heng Group Chief Executive Officer Tanarat Pasawongse (2nd from left) introduced Gold Express, an automatic machine for buying and selling gold, for the first time in Thailand. This development between Hua Seng Heng and Bangkok Bank will allow customers a self-service facility to buy and sell gold with a real-time rate that requires no cash. Bangkok Bank’s payment system offers an opportunity for customers to pay for gold purchases with any Bangkok Bank debit card. Bangkok Bank Hua Seng Heng Debit Purchasing Card has a transaction limit of Baht 99,900,000 with a daily spending limit of up to Baht 999,999,999. Other Bangkok Bank debit cards have a transaction limit of Baht 999,999 with no daily spending limit. To receive payment from selling gold, customers’ citizen IDs must be registered with Bangkok Bank PromptPay in order to receive a funds transfer from Hua Seng Heng. This innovative channel provides convenience, speed and security for customers buying and selling gold without using cash. At present, eight Gold Express Machines are readily available at Hua Seng Heng gold shop branches across Bangkok.