Beam, Thailand’s leading payment fintech start-up, has launched Bolt+, a next-generation portable payment solution designed to revolutionize the way Thai merchants accept payments. Dubbed a “One-Tap Payment” device, Bolt+ consolidates all major cashless methods into a single, secure, and compact unit, empowering businesses to finalize sales seamlessly anywhere and accelerate Thailand’s transition toward a fully digital economy.
The device supports an extensive array of payment methods, including major local and international credit/debit cards, QR PromptPay, E-Wallets (like Alipay and WeChat Pay), and installment payment programs from up to seven leading banks, allowing merchants to complete transactions within seconds while meeting global security standards. Beam projects that this innovation will support over 5,000 businesses in its first year.
Driving Thailand Towards a 90% Cashless Society by 2030
Win Vareekasem, Chief Executive Officer and Co-Founder of Beam, emphasized the urgency of the shift: “The rapid pace of the adoption of digital banking apps and wallets globally is particularly prominent and clear to see here in Thailand. Coupled with the right solutions for merchants, we believe Thailand can become a primarily cashless society by 2030, where over 90% of all transactions are digital.”
Thailand already has a robust foundation for this change, boasting the world’s highest mobile banking penetration at 97% of internet users (source: Visa). Vareekasem noted that achieving the 90% digital transaction goal would yield substantial economic benefits, potentially saving billions of dollars in “economic waste,” reducing crime, and cutting the number of physical cash registers and ATMs nationwide. Merchants will simultaneously benefit from accepting payments in a more frictionless, cost-effective, and secure manner.
The Bolt+ device, available for a simple one-time purchase, is designed to be easily accessible to entrepreneurs, offering a fast sign-up and account approval process within just 1-3 business days.
Bolt+: Five Features Tailored for Thai SMEs and Retailers
The launch of Bolt+ reflects Beam’s vision of creating “The World’s Simplest Ways to Checkout.” It is specifically tailored for Thai retailers and SMEs with five simple yet powerful features:
- All Major Payment Methods: Comprehensive support including international cards, QR PromptPay, up to 7 bank installment plans, Alipay, and WeChat Pay.
- Affordable Pricing: Free QR PromptPay and low card fees starting at just 1.8%. The device is priced at 4,490 Baht, with no monthly charges, deposits, or hidden fees.
- Fast Sign-up: Simple registration with account approval in 1-3 business days to ensure quick market entry.
- Flexible Operations: Works as a standalone unit or connects seamlessly with existing POS systems via Beam’s proprietary mechanism. Supports Wi-Fi, Hotspot, and SIM card connectivity.
- Trusted Security: Fully regulated under the Bank of Thailand and compliant with PCI DSS (Payment Card Industry Data Security Standard) and PDPA (Personal Data Protection Act).
Launch of ‘Cashless Club’ Incentive Program
To accelerate merchant adoption, Beam has simultaneously introduced the ‘Cashless Club’—an initiative that recognizes merchants with a ‘Badge of Honour’ (1, 2, or 3 stars) based on their cashless transaction adoption rate.
Membership in the Cashless Club is open to all merchants, not just Beam customers, and provides exclusive benefits, including tiered discounts on the Bolt+ device:
- Level 1 (10%+ cashless): 5% discount on Bolt+.
- Level 2 (50%+ cashless): 10% discount on Bolt+.
- Level 3 (100% cashless): 15% discount on Bolt+, a full recognition package, and the privilege to claim a free Bolt+ when opening a new branch.
Interested merchants can join the Cashless Club at http://cashlessclub.com or pre-order Bolt+ (shipping begins October 2025) via Beam’s website.
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