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The latest KogoPAY app will allow people to send money to friends, pay bills and receive payments via QR code. The app also includes a new “Pay it Forward” feature that allows users to directly help those in need. This could be food, drink, or a small gift.
The app’s menu also now has a Thai language option. The wallet provider explains that more languages will be added in the near future. This feature shows how the app will eventually allow users to hold funds in multiple currencies.
This news European Payments Council, outlines the need to standardize QR code payments for instant money transfers between consumers, merchants, and businesses. Report, ‘Standardization of QR code payments in Europe‘, highlighting how European mobile payment solutions are domestic and stop at borders. This situation has given rise to a “fragmented European mobile payment landscape”.
KogoPAY’s app launch is aimed at responding to the European Payments Council’s report. The mobile wallet provider explained its goal of increasing financial inclusion and giving people the freedom to spend money wherever they are in the world.
KogoPAY provides “KOGO coin points” to users who introduce friends who register with the app and make transactions, in order to spread the app. Such coins can be used to offer discounts on transaction fees and other promotional items.
KogoPAY also announced a partnership with a leading hospital in Thailand.of Bumrungrad Hospital has made KogoPay its official payment partner for international customers. The news is important as Bumrungrad is a very popular medical destination for patients.
The announcement also revealed that patients can book through a link in the app itself. KogoPAY plans to use this partnership to rapidly expand across the region. QR payments are already widely used across Asia, making it an ideal region to expand.
In a video made by KogoPAY to promote the launch of the app, the company explained that it appears to support migrant workers, underserved and unbanked people, among others. . The app’s agenda also includes becoming a tool that supports payments for small businesses. The self-proclaimed “socially conscious fintech startup” plans to help build a more just society by helping, supporting and developing its community.
