HAZZA's expansion in Thailand
Updated: Apr 24, 2020
Following on to the successful completion of network testing and onboarding of the initial client set, the HAZZA team has been preparing for expansion in Thailand via a nation-wide strategic initiative.
Thailand is a large and growing market, but with bank transfer and COD (cash on delivery) dominating Card Not Present (ecommerce) transactions with a combined 48% of all transactions, and cash dominating Card Present (physical) transactions at an overwhelming 68%, Thailand is an ideal market for HAZZA’s introduction and access to new payment types.
The team has currently been in discussions with major Thai payment parties and testing in-country payment methods. This initiative will further position HAZZA as the new paradigm in payments and validate HAZZA’s open network model.
In parallel, HAZZA continues further development of the open API set and targets a new release at the end of May 2019. The development of HAZZA’s open APIs enables new classes of participants to join the network in a ‘self-service’ model, removing bottlenecks and driving rapid adoption.