Mobile banking transaction value amounted to 1.2 trillion baht for the three months through March, up from 1 trillion logged last year. This year's first-quarter mobile banking transactions also rose significantly from 585 billion in 2016 and 334 billion in 2015. KBank saw mobile banking transactions peak at 4,000 per second, rising from 600 before the fee was waived. Bangkok Bank, the country's largest lender by assets, has about 5 million users on Bualuang mBanking and aims for 8 million by year-end. "The fee waiver is what draws me to mobile banking for everyday use," Mr Teerapong said, adding that he has downloaded two mobile banking apps, KBank's and BBL's, to his smartphone.

Source: Bangkok Post September 09, 2018 23:03 UTC