BANGKOK, Thailand, Oct. 21, 2015 /PRNewswire/ -- Pay Solutions, newly founded by two directors in the Thai e-commerce industry, namely Supachai Kanjanasakchai, and Ekarach Salayutidech, is the first online payment service provider in Thailand to introduce Asia's first social media payment platform called Pay Social. This platform allows online vendors to accept online payments through Facebook, Instagram, LINE, WhatsApp, e-mail and other online channels in a fast and easy way. Vendors will send a URL link to their customers for them to make a payment within the blink of an eye. Pay Social is meant to satisfy the very need for a one-stop online payment service with different methods of payment. Users can instantly subscribe Pay Social via www.Pay.sn or Mobile apps on Google Play and App Store.
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The e-commerce market in Thailand has the potential to grow up with estimated 500,000 online vendors (30-35% growth rate). Reactive marketing had been trending for nearly two years in the e-commerce industry, not until recently did the proactive marketing start trending instead. Given that the marketing trend has changed, vendors these days are more focused on connecting with their customers through online channels, which can be called social commerce. Pay Solutions, as a result, has come up with a new way of facilitating online payments by providing customers with different methods of payment such as credit or debit cards, PayPal, Bit coin, and counter service. Pay Solutions looks to account for 400 million baht or 10% of the entire online transactions in the social commerce scene in 2015 and 2.4 billion baht 60% in 2016.
For media contact:
Ekarach Salayutidech
Chief Operation Officer
Tel: 662-5414100 # 3204
Email: [email protected]
SOURCE Pay Solutions
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