Kimyong selected for the launch of “cashless market” in Songkhla

Kimyong market in Songkhla’s Hat Yai district has been chosen as the southern region’s first cashless market to be officially launched on Monday (Nov 27) during a meeting of the mobile cabinet chaired by Prime Minister Prayut Chan-o-cha.

About half of some 200 shops in the market have joined the cashless market project, a brainchild of the Finance Ministry, and all of them have been equipped QR code system through which customers can make online payments without using cash.

According to Finance Ministry’s branch office in Songkhla, besides Kimyong market, QR code system has been installed at two other spots � the canteen in Rajamangala University of Technology Srivijaya in Muang district of Songkhla and the farm market in the compound of Prince of Songkla University, Hat Yai campus.

One vendor at Kimyong market, Mrs Chaleo sae Lim, told Thai PBS that she was satisfied with the financial technology because no cash was needed and that money was immediately wired into her bank account.

Since it is new, she said both vendors and customers will have to get used to the system. However, she didn’t think that the system will push up her sale.

Many customers said that they still preferred to pay in cash because they were not familiar with the system. They added that they wanted authorities concerned to teach them how to use the system.

The country’s first cashless market was launched at Sam Chuk market in Suphan Buri during the mobile cabiet meeting in September.

The cashless market pilot project is supported by Krung Thai and Government Savings banks which supply the EDC devices to be installed at the shops that joined the project.

The Finance Ministry plans to set up cashless markets in all provinces throughout the country.

Source: Thai Public Broadcasting Service (Thai PBS)

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