FedEx Collaborates with Visa to Empower Thai Businesses in Tapping Overseas Growth Opportunities

Stocks News Monday March 25, 2024 11:55 —PRESS RELEASE LOCAL

FedEx Collaborates with Visa to Empower Thai Businesses in Tapping Overseas Growth Opportunities

Offering up to 60% shipping discounts to Visa Commercial debit and credit cardholders.

FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world's largest express transportation companies, announced an alliance with Visa, a world leader in digital payments, to assist local businesses including small-and-medium enterprises (SMEs) in Thailand in expanding their reach to overseas markets.

Through the alliance, FedEx is offering up to 60% discount1 off shipping rates to Visa Commercial debit and credit cardholders, including Business card for SMEs and Corporate card for corporations in Thailand. Available now until December 31, 2024, the discount is applicable to a wide variety of services, including FedEx International Priority(R) Express, FedEx International Priority(R), FedEx International Economy, FedEx International Priority(R) Freight, and FedEx International Economy Freight, enabling customers to benefit from fast and reliable logistics solutions connecting more than 220 countries and territories worldwide.

"This program is one of the many ways we are supporting the growth ambitions of Thai businesses, especially SMEs which account for 99.5% of all businesses and 70% of the country's workforce, according to the Trade Policy and Strategy Office (TPSO)2," said Sasathorn Phaspinyo, managing director of FedEx Express Thailand. "By aligning our efforts with strategic partners such as Visa, we are making it easier for business owners to strengthen their presence in international markets with our competitive shipping solutions and advanced digital tools."

As part of its commitment to support the growth of local businesses and make supply chains smarter for all, FedEx continues to introduce innovative services catered to the needs of Thai businesses of all sizes and types. These include Application Programming Interface solutions enabling e-tailers to integrate FedEx shipping services into their storefronts. FedEx Ship Manager(R) Lite provides convenience for customers to ship a package without having to print any documents. Most recently, FedEx expanded its one-stop-shop logistics solutions for dangerous goods enabling customers in Chiang Mai and Lamphun to conveniently ship dangerous goods such as electronic devices, glues, bleaches and paints to and from overseas markets via FedEx International Priority(R) service.

For more information about the alliance program, please visit https://www.fedex.com/en-th/campaign/visa-discount.html.

1Terms and conditions apply.
2Trade Policy and Strategy Officer (TPSO) guidelines for promoting and upgrading the trade of Thai SME businesses.

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