PTT Speed Pay introduced in Bangkok

BANGKOK, February 2 (TNA) - PTT Public Company Limited (PTT), Thailand's largest petroleum firm, has introduced its "PTT Speed Pay" service as a test run at a petrol station in Bangkok, in which consumers can pay for petrol and other goods and services through the Dynamic QR Code system in line with the government's National e-Payment and Thailand 4.0 Policies, rather than cashes. Auttapol Rerkpiboon, Chief Operating Officer, Downstream Petroleum Business Group and Acting Senior Executive Vice President, Downstream Business Group Alignment, and Jiraphon Kawswat, Senior Executive Vice President, Oil Business Unit, announced the test-run "PTT Speed Pay" service at a press conference on Friday, held at a PTT petrol station opened at the Office of the Permanent Secretariat to the Thai Ministry of Defence in Bang Na area, where the new service was first launched. At the press conference, also joined by Defence Energy Department Director General Lieutenant General Siripong Wongkhanti, under the Thai Ministry of Defence, Auttapol said if the test-run becomes successful, his company will expand the "PTT Speed Pay" service to some other 100 petrol stations within this year, aimed to meet people's modern lifestyles currently. Under the PTT Speed Pay service, Auttapol explained that just over one minute is needed for the e-payment per time per consumer or about 20 per cent less time consuming than cash payments. Jiraphon told the press conference, meanwhile, that the "Drive Thru" lane has been specially prepared for consumers who resort to the new "PTT Speed Pay" service to facilitate their e-payment through the Dynamic QR Code scanning system under the mobile banking service offered by their commerical banks and downloaded on their smart phones, the same processes of which are also applied to their payments of other goods and services sold at the petrol station, with the PTT Blue Card handed out for recording their accumulated scores for extra bonus to be presented to them later. Besides, consumers can use the same "Drive Thru" fast track to pay for petrol and other goods and services offered at the PTT petrol station by their credit cards and the contactless payment system through the Electronic Data Capture (EDC) machine provided by Kasikornbank (KBank), a PTT alliance for innovations. Jiraphon revealed that PTT plans to further launch the e-Wallet service and to adopt the radio-frequency identification (RFID) and the image processing technologies in the future, on top of the "PTT Speed Pay", if proved to be practical. (TNA)