No need for the company to receive money transfers from unknown customers
Reduce the risk of carrying cash to deposit at the Bank, or fraud within the company
Payments will be credited to the company’s account instantly upon receipt. Reports of payments will also be available.
SMS notification to the company when payment transactions are complete
More convenient with Mobile EDC
For Cardholder (Payer)
Reduce the burden of carrying cash
Check balance before using the card
Designate a PIN for added security
SMS notification sent to the cardholder when payment transactions are complete
How to use
The cashier swipes the card to make a transaction based on the amount. The cardholder then enters the PIN and signs the sales slip.
The Bank will deduct payment from the cardholder’s (payer) account and deposit it to the company’s (payee) account immediately.
Keep the sales slip (indicating the purchase amount and transaction fee) for your records
Once the transaction is complete, the Bank will send an SMS to both the payer and payee at the mobile number registered with the Bank to confirm the transaction.
How to apply
For Company (Merchant)
The juristic persons that meet the conditions to be the participating merchants
Individuals 20 years old and over
Juristic persons registered with the Ministry of Commerce
Citizen ID card
Copy of the passbook (if money is to be deducted from savings account) or a copy of the cheque book (if deducted from current account)
Registration Certificate issued by the Ministry of Commerce (not more than one month)
Minutes of the Board Meeting identifying the objectives to apply for a Debit Purchasing Card; the delegates to contact with the Bank; numbers of cards requested; list the delegates as card holders; and the maximum limit for card spending per time per day for each cardholder
Citizen ID card of the authorized persons who can act on behalf of the company, the delegates assigned to contact the Bank and those assigned as cardholders
Copy of the passbook (if money is to be deducted from a savings account) or a copy of the cheque book (if deducted from a current account)