Thailand: Bangkok Bank Holds Small payWave Trial
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The trial let a small number of consumers download a Visa payWave application to an embedded chip in their Nokia NFC phones and tap the phones to pay up to a reported 1,500 baht (US$45) at a growing number of merchants that accept Visa payWave in Thailand, including big-name fast-food restaurants and coffee shops.
Bangkok is becoming a mini-hotspot for contactless payment, with such fast-food and coffee chains as McDonald’s Burger King and Starbucks accepting Visa payWave, along with cinemas, bookshops and other merchants. Bangkok Bank began issuing a contactless credit card, called “Blue Wave,” early in 2008, combining payWave with a separate contactless e-purse enabling users to tap to pay fares on Bangkok’s SkyTrain. The bank fast-tracked the NFC trial to beat Kasikornbank for bragging rights as the first bank to launch an NFC trial in Thailand. Kasikornbank launched a trial in January 2009, after having begun issuing Visa payWave cards in 2008. Both trials were very small. Now defunct closed-loop payment provider Payzy held an NFC trial in late 2006.
* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.
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