THAI and the Industrial and Commercial Bank of China or ICBC (Thai) held a Memorandum of Understanding (MoU) signing ceremony on Strategic Corporate Finance Support in order to promote THAI to ICBC Chinese passengers using credit and debit cards in Thailand. Furthermore THAI will join ICBC’s eCommerce platform “E Mall” which is expected to boost THAI’s eCommerce business in China. Mr. Sumeth Damrongchaitham, THAI President, and Dr. Zhigang Li, ICBC Chairman of the Board of Directors, signed the MoU on Strategic Financial Support with Mr. Nattapong Samitampaipisarn, THAI Executive Vice President, Finance & Accounting, and Mr. Yang Liu, ICBC Senior Executive Vice President, as witnesses of the MoU that was signed at THAI’s Head Office.
THAI is pleased to cooperate with ICBC (Thai), a globally renown financial institution, on Strategic Financial Support in Corporate Finance, Aircraft Financing, as well as Cash Management and FX Management. ICBC (Thai) will help THAI to integrate its products with ICBC’s eCommerce platform EMall, reaching ICBC’s Chinese customers, who can make convenient e-payments through ICBC credit cards and debit cards. The financial support and collaboration that THAI will receive from ICBC enables the Company to reach an even greater number of Chinese passengers and benefit from other eCommerce business opportunities in this digital age of technological advancement. The cooperation between THAI and ICBC (Thai) is expected to help increase the spending volume of ICBC’s Chinese passengers traveling into Thailand. THAI, the national flag carrier, welcomes Chinese passengers visiting Thailand with touches of Thai throughout all aspects of airline service.