Thai Airways Signs MOU with ICBC

Thai Airways has signed a MOU with the Industrial and Commercial Bank of China (Thai).

The agreement will allow Thai Airways to offer promotions to ICBC Chinese passengers using credit and debit cards in Thailand, covers cash management and FX management services, and the airline will also join ICBC’s eCommerce platform “E Mall”.

“For the past nine years that ICBC (Thai) has been operating in Thailand, it has been the bridge connecting the economies and trades of Thailand and China. As the number of Chinese tourists traveling to Thailand has been steadily increasing to more than 10 million a year, therefore, this cooperation will surely enhance the business of Thai Airways as the national airline that flies to many strategic destinations in China and has access to more than 500 million retail customers of ICBC in China,” said Dr. Zhigang Li, Chairman of ICBC (Thai).

Thai Airways currently operates flights to six destinations in China: Beijing, Shanghai, Kunming, Guangzhou, Xiamen, and Chengdu, while Thai Smile operates flights to Chongqing, Changsha, and Zhengzhou.

Mr. Sumeth Damrongchaitham, President of Thai Airways, said, “This also includes the I Go Thailand program that facilitates over 500 million ICBC credit card and debit card holders to make payments on Thai’s payment platforms and travel to primary and secondary cities, to pay for various products, services, and air tickets through Unionpay, Alipay and WeChatPay. As well, 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.”

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