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Business trends

Singtel teams up with Thai partners in e-payment race

Ping An and others tipped to join alliance in hope to expand in Indonesia, Philippines and India

Singtel has joined up with Thai partners to offer the first integrated regional e-payment system.     © Reuters

SINGAPORE -- Singapore Telecommunications and two Thai partners launched on Tuesday an electronic payment alliance, hoping to expand it to Indonesia, the Philippines and India and becoming Asia's first regional platform.

Under the partnership with Thailand's largest telecom operator Advanced Info Services, or AIS, and the country's second largest lender Kasikornbank, customers of the mobile wallet will be able to use their money in different countries in Southeast Asia,through the alliance named VIA.

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