Bangkok--8 Jan--Spark Communications
Receiving payments from family or friends in Canada just becameeasier forThailand Visa cardholders, with the launch of Visa Personal Payments by TD Bank in Canada.
TD Bank customers in Canada can now send money using EasyWeb, TD’s online banking platform,to Visa Debit or Prepaid cardholders in Thailand, just by knowing the recipient’s name and their 16-digit Visa card number.
Somboon Krobteeranon, Visa Country Manager, Myanmar and Thailand said: “It is great to see the Visa Personal Payments service expand, providing Thailand Visa cardholders with a secure and fast way to receive money from family and friends living in Canada. The ability to receive funds directly to your Visa Debit or Prepaid cardprovides a more reliable, convenient and efficient alternative to traditional money transfer services.”
The service eliminates the need to visit a bank branch to send money or wait in long queues at remittance offices. Whether it’s for family living abroad, a gift for a friend, or support for a student studying overseas, with the click of a mouse the money will be sent and received in near real time to eligible Visa Debit and Prepaid cardholders[1].
Fort the first three months fund transfers from Canada to Thailand will be free, afterwhich transfers will be priced between CAD$8.95 and CAD$12.95, payable by the sender. It is free to receive funds with transfers to a Visa Debit card occuring as a deposit to the underlying checking or savings account, and transfers to an eligible Visa Prepaid card occuring as a top-up to the balance.
TD Bank is the first bank in North America to provide theVisa Personal Payments service and this announcement marks the opening of another large remittance corridor to Southeast Asia, following the launch of the service in Singapore by DBS Bank earlier this year.
There are over 80 send-side Visa Personal Payment programs by leading financial institutions in over 20 countries including Australia, China, Taiwan, Hong Kong, India, Indonesia, Malaysia, Russia, Singapore, Ukraine, US, UAE and Kenya.
[1] Available to fast funds enabled Visa cards, contact your issuer for more details.