First Time!! Revolutionizing Payment Experience in Real Estate  <\/strong>Sansiri Partners with SCB to Create <\/strong>‘Cashless Town’ - A Cashless Society <\/strong>Making Payments Easy with <\/strong>QR Code <\/strong><\/span><\/p>

Launching first at Habito, a community retail space, today to meet the lifestyle of digital-age customers.

          Sansiri has teamed up with Siam Commercial Bank to create a new phenomenon in the Thai real estate sector by launching ‘Cashless Town’ or a cashless society, transforming the financial experience for Sansiri customers. Payments are made easy through QR Code, enhancing convenience, speed, and security, allowing access to all transactions without limitations, catering to the lifestyle of digital-age customers. The service is now available at Habito, a community retail space in “T77,” a hub for living and lifestyle near Sukhumvit 77, close to BTS On Nut, and during the Winter Market Fest on December 16-17, where shopping can be done without cash for the first time.

          Mr. Uthai Uthaisangsuak, Chief Executive Officer of Sansiri Public Company Limited,<\/span> <\/strong><\/span> stated that Sansiri has collaborated with financial institution partner, Siam Commercial Bank, to launch ‘Cashless Town’ or a cashless society, providing a new financial experience for Sansiri customers. Payments are made easy through QR Code, enhancing convenience, speed, and security, allowing access to all transactions without limitations, catering to the lifestyle of digital-age customers. This marks the first collaboration between the real estate business and a financial institution to introduce a new digital financial platform, creating a fully cashless payment and shopping experience for customers.

          “This year, Sansiri has observed changes in the lifestyle and demands of customers in a technology-driven era. We believe that technology will effectively meet customer needs, and we are committed to leveraging technology in innovative ways within the real estate business to enhance services that align with customer lifestyles and maintain our leadership in pioneering and developing technology for living in the real estate sector. We view customers as the center of our focus, and we have studied and found that in this digital age, customers desire convenience and speed in their spending. Therefore, the provision of the ‘Cashless Town’ service will perfectly complement the financial aspect of customers’ lives in the digital world,” Mr. Uthai<\/span> stated.

          Mr. Wasin Saiwan, Senior Executive Vice President and Head of Multi-Corporate Segment, <\/span><\/strong>and Chief Executive Officer of Corporate Segment at Siam Commercial Bank,<\/strong> <\/span>said, “Siam Commercial Bank and Sansiri Public Company Limited have a strong business partnership, collaborating on various projects with a shared vision to enhance customer service through technology. Earlier this year, the bank invested in Siri Ventures Co., Ltd. to develop innovations that cater to the lifestyle of residents. This time, the bank and Sansiri are jointly introducing financial technology to drive a cashless society, expanding to customers in the real estate sector by launching the Cashless Town project, implementing QR Code payment systems at all touchpoints where financial transactions occur within Sansiri-developed areas, providing a new payment option that aligns with the lifestyle of digital-age residents. The pilot launch is now available at Habito, a community retail space by Sansiri, accommodating over 100,000 customers daily. The QR Code payment via smartphones will enhance customer convenience. This collaboration between Siam Commercial Bank and Sansiri is a key component in creating a tangible Digital Eco System. By the first quarter of 2018, the full-scale Cashless Town will expand to cover T77, the hub for living and lifestyle under Sansiri's development.”        

          Mr. Uthai<\/strong><\/span> further stated that T77 is located on Sukhumvit 77, near the BTS On Nut station, currently featuring 8 residential projects, accommodating approximately 10,000 families, including Block Sukhumvit 77, The Base Sukhumvit 77, The Base Park East Sukhumvit 77, The Base Park West Sukhumvit 77, Hasu House, Mori House, Garden Square Sukhumvit 77, and the latest project, Kawa House, as well as Park Court condominiums and apartments, and Bangkok Prep, one of Thailand's leading international schools, along with a Dental Hospital set to open in 2018. Once officially opened, Cashless Town will be fully operational, allowing Sansiri customers to pay for water, electricity, common fees, and services at the dental hospital through QR Code, providing financial services that perfectly support the lifestyle of digital-age living.

          Additionally, on December 16-17, during the Winter Market Fest, the 5th lifestyle festival organized annually by Sansiri at T77, featuring over 150 leading shops and restaurants, will be the first time Cashless Town is available, allowing customers to shop conveniently through QR Code without cash, ideal for the younger crowd who values convenience, and a large turnout is expected this year.

          Mr. Uthai<\/strong><\/span> concluded that this collaboration is expected to encourage consumers to shift their spending behavior towards a cashless society. Sansiri will continue to seek services that enhance customer lifestyles and experiences, aiming to provide comprehensive services and deliver exceptional experiences to customers endlessly.”

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