Online Payment: Essential Knowledge for Business Owners
It's undeniable that online shopping has grown significantly today. Statistics from the Stock Exchange of Thailand and Statista, a consumer and market data company, reveal that Thais are shopping online more than ever, with online shopping reaching a record-breaking value of 700 billion baht in 2023. This surge has increased the importance of online payment for businesses and services, as they need to adapt to customers’ changing transactional behaviors to capitalise on business opportunities and ensure continued growth.
What is Online Payment?
Online payment is a system that involves financial transactions conducted over the internet. This allows businesses to process payments quickly and easily, anytime, anywhere with customers both locally and internationally, without the need for cash or queuing at bank branches. Additionally, each payment is recorded for auditing and security purposes, ensuring that businesses can keep track of every online transaction.
What Channels Exist for Online Payment?
Various online payment methods are available today; these include bank transfers through mobile applications, credit/debit card payments, PromptPay QR Payment, and e-Wallets. GHL's online payment services cover the following channels: 
Which Businesses are Suitable for Online Payment Services?
Businesses often choose payment channels based on their specific needs. Here are examples of businesses and services that utilise online payments to make transactions easier for their customers:
o Online Stores: Businesses selling products via websites or online platforms, such as online clothing stores, food vendors, or other businesses that rely primarily on an online presence.
o Online Services: Businesses offering rental or subscription-based services online such as video streaming, cloud storage, or online education services.
o Reservation Services: Businesses providing online reservation services, such as hotel or flight bookings, or restaurant reservations.
o Tourism Businesses: Tourism services that require online payments such as tour and travel services, entry tickets or vehicle rentals.
Online spending habits are rising exponentially as Thailand moves towards a fully cashless society. Therefore, business owners need to adapt to evolving technologies and consumer behaviors, with a key focus on prioritising online payment systems to enhance customer convenience.
Boost your business with GHL’s online payment services that support a variety of secure online payment channels on a single platform.
Interested in knowing more about GHL's services and how we can help take your business further? Contact us today at:
Call: 0-2440-0111
Or click: https://th.nttdatapay.com/contact