The full range of premium content available in Google Play in Thailand will support PromptPay payments starting from August 2021.
Rapyd, a global Fintech-as-a-Service platform, supports local payments for Google in Thailand through its collaboration with GB Prime Pay, a Thai payment solution provider.
PromptPay is one of the most commonly used payment methods in Thailand. It allows its users to make real-time interbank mobile payments or transfer funds by linking the user's bank account to the mobile number or national ID. As of September 2020, PromptPay reported 55.1 million registrants (out of a population of 69 million), with 20 million transactions a day. According to the Rapyd Asia Pacific eCommerce and Payments Report 2020, it was used by 37% of respondents at least once in the past month.
Thailand is one of the focus markets for Rapyd in Asia. The company recently launched its ‘all-in-one’ payment capabilities in this market. By partnering with Thai payment solution providers including GB Prime Pay, Rapyd now provides local payment options like international and local cards, bank transfers, e-wallets and also cash over the counter.
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