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7-Eleven outlets across Asia have begun offering banking services. In Thailand, a pilot program starting October 31 will enable 20m customers of Government Savings Bank to deposit and withdraw funds at more than 10,000 convenient stores across the country.
Customers will be able to use the bank’s mobile app to authorize transactions which could then be fulfilled at the counter, explained Chatchai Payuhanaveechai, the president and CEO of the bank. Deposits of up to 30,000 baht will be possible around the clock, while withdrawals of up to 5,000 baht per transaction or 20,000 baht per day will be limited to 8am to 10pm. Customers will pay a 15-baht fee for every transaction, which will be offered via 7-Eleven’s subsidiary Counter Service.
http://fintechnews.sg/25286/financial-inclusion/7-eleven-banking-south-east-asia/
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