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New ACI Worldwide Study: 40 Percent of Thai Technologists Prefer Alternative Payments for Online ShoppingACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced the results of its new Thai Commerce & Payment Study. The survey asked approximately 300 technologists about their shopping habits and payment preferences for in-store, online and mobile transactions in Thailand, where eCommerce sales are expected to be valued at 800 billion Baht in 2021. The study, conducted with DataOne Asia (Thailand), Co., Ltd., also explored usage of cross-border and person-to-person (P2P) payments, highlighting the opportunity to replace cash transactions with alternative payments. Principle findings of the survey included:
"The Thai respondents' answers provide a directional market view into the future of commerce and payments," said Leslie Choo, general manager and vice president, North Asia & Asean, ACI Worldwide (News - Alert). "The survey highlights that there is a lack of trust in merchants and eCommerce, which makes it imperative that merchants provide secure payments options for their clients. 40 percent surveyed are using alternative payments methods today, so it is essential that merchants offer more han card based payments." "Banking and commerce is rapidly changing across the globe and Thailand is no different. Consumers are shopping on multiple channels and demanding to pay with new payment methods" said Adisorn Kaewbucha, CEO, DataOne Asia (Thailand) Co. Ltd. "The digitization of payments to merchants and to peers presents an opportunity to reduce friction and costs. As both local and cross-border eCommerce continues to grow, payment service provides, merchants and consumers will demand solutions that are simple, global and secure." Preliminary findings from the report will be presented during the 'Payments at the Speed of Change' VIP Seminar, July 28, at the Siam Kempenski Hotel in Bangkok. To receive a free copy of the Thai Commerce & Payment Study, please visit http://www.aciworldwide.com/thaitechsurvey.
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