Thai Airways has signed a MOU with the
Industrial and Commercial Bank of China (Thai).
The agreement will allow Thai Airways to offer
promotions to ICBC Chinese passengers using credit and debit cards
in Thailand, covers cash management and FX management services, and the airline will also join ICBC’s eCommerce platform “E Mall”.
“For the past nine years that ICBC (Thai) has
been operating in Thailand, it has been the bridge connecting the
economies and trades of Thailand and China. As the number of
Chinese tourists traveling to Thailand has been steadily
increasing to more than 10 million a year, therefore, this
cooperation will surely enhance the business of Thai Airways as
the national airline that flies to many strategic destinations in
China and has access to more than 500 million retail customers of
ICBC in China,” said Dr. Zhigang Li, Chairman of ICBC (Thai).
Thai Airways currently
operates flights to six destinations in China: Beijing, Shanghai,
Kunming, Guangzhou, Xiamen, and Chengdu, while Thai Smile operates
flights to Chongqing, Changsha, and Zhengzhou.
Mr. Sumeth Damrongchaitham, President of Thai
Airways, said, “This also includes the I Go Thailand program that
facilitates over 500 million ICBC credit card and debit card
holders to make payments on Thai’s payment platforms and travel to
primary and secondary cities, to pay for various products,
services, and air tickets through Unionpay, Alipay and WeChatPay.
As well, ICBC (Thai) will help THAI to integrate its products with
ICBC’s eCommerce platform EMall, reaching ICBC’s Chinese
customers, who can make convenient e-payments through ICBC credit
cards and debit cards. The financial support and collaboration
that THAI will receive from ICBC enables the company to reach an
even greater number of Chinese passengers and benefit from other eCommerce
business opportunities in this digital age of technological