Dolfin Wallet introduces QR credit card payments to expand merchant acceptance

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 Dolfin Wallet, an e-wallet application from Central JD Fintech Group, today announced it has launched Thai QR credit card payments, bringing greater convenience to Dolfin Wallet holders by increasing payment points at participating restaurants, retailers, and services around Thailand. With the addition of this feature, Dolfin becomes the first e-wallet in Southeast Asia to include a security feature from Mastercard and Visa, two global leading digital payment solutions, that allows consumers to make payments from their credit card by using a QR credit card.

The new feature means that cardholders no longer need to carry or present their physical credit card as they can now activate the QR credit card features in the Dolfin Wallet application by simple and secured authorization processes. When paying, consumers just scan the QR credit card for completing the payment. Payment by QR credit card through Dolfin wallet will also allow the customers to receive the same benefits as they do when paying with their physical card. Users can also collect The 1 points and receive any additional credit card promotions from issuing banks at participating stores.

“We are delighted to be the first fintech company to introduce this exciting new technology to Thailand. As a leading fintech company, we are committed to improving customer choice and experience and the ability to pay by credit card using QR code helps people pay safely and securely at various participating merchants. We are also delight to partner with Mastercard, Visa and Thai leading banks like Kasikornbank and Siam Commercial Bank to further enhance the digital payments ecosystem in Thailand with full benefits to our customers” said Miss Usanee Laohavaranun, Head of Marketing Department of Central JD Fintech Group.

Before introducing this service, Dolfin Wallet passed the Bank of Thailand’s regulatory sandbox checks on e-KYC technology to ensure safety and security of user identity verification and confidential details. Paying by QR credit card follows the same secure processes any physical credit card payment requires, such as Mastercard SecureCode and Visa Secure, which use the latest standards of the EMV® 3-D Secure protocol and add a layer of fraud defense so financial institutions and sellers can be confident that transactions are genuine. This potentially reduces lost sales for sellers because of declined payments and improves the overall consumer shopping experience.

“Among consumers surveyed in Asia Pacific, Thai millennials are most open to adopting new digital payments, according to the recent Mastercard New Payments Index. 82% of Thai consumers plan to use QR codes in the coming year. 89% also say they expect to be able to buy what they want, when they want and how they want. These findings clearly reflect consumers’ desires for choice and simplicity,” said Aileen Chew, Area Country Manager, Thailand and Myanmar, Mastercard. Businesses who are able to provide multiple payment solutions seamlessly across online and offline channels, are best prepared to ride the changes that are redefining the future of commerce and retail. In today’s highly digitized environment, customer experience is the key competitive differentiator. Mastercard is excited to partner Dolfin e-Wallet, who shares our belief in leveraging the innovative use of technology to provide the best-in-class user experience without ever compromising on safety and security.

Suripong Tantiyanon, Country Manager for Visa Thailand, said: “As the commerce landscape becomes increasingly digital, consumers are looking for greater convenience in the way they pay. According to the latest Visa Consumer Payment Attitudes study, more than four in five Thais (82 per cent) have tried going cashless.  When it comes to awareness of the different forms of digital payments, Thai consumers are most familiar with QR Code payments (94 per cent), followed by mobile contactless payments (92 per cent) and contactless card (89 per cent).  We are confident our collaboration with Dolfin Wallet will bring greater choices for consumers while providing merchants with a fast, cost-effective and secure digital payments solution, helping drive Thailand towards a less-cash society.”

Dolfin Wallet’s new QR Credit Card payment feature is accepted at a wide range of businesses that accept Mastercard and Visa QR payments, including Starbucks, After You, Daiso, Santafe, The Mall, Gourmet Market, Lotus’s, HomePro, Villa and Esso. Dolfin wallet users who pay via the new QR credit card are entitled for benefits such as 1.5 percent Dolfin Bonus when purchasing at least 2,000 baht but lower than 5,000 baht per month or 3 per cent Dolfin Bonus of up to 300 Baht, when purchasing at least 5,000 Baht per month, extra The 1 points for every purchase of 100 baht and any additional credit card promotions from participating stores from 1 July 2021 – 30 September 2021.

Currently, this service is available for KBank Visa, SCB Mastercard and SCB Visa credit card cardholders with additional bank cards expected to be added in the future.

The Dolfin Application is available for free download today on both Android and iOS at Google Play and App Store. Do not miss out on the wonderful deals and promotions. For more information, visit https://dolfinthailand.com/