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UOB Thailand partners Amazon Global Selling and Payoneer
to support Thai SMEs find new opportunities in the global marketplace

From left: Mr Wutisak Ongpatanakul, Executive Director, Head of Sales & Distribution, Business Banking; Mr Sathit Boonchalok, Head of Customer Experience and Digital, Business Banking, UOB Thailand; Mrs Sayumrat Maranate, Executive Director Head of Business Banking, UOB Thailand; Mr Thathien Anujorbhand, Head of Business Development - Amazon Global Selling Thailand and Mr Chareon Hiruntrakul, Country Lead, Payoneer Thailand

UOB Thailand together with Amazon Global Selling, the world’s leading online marketplace and Payoneer, Thailand’s leading cross-border payment platform, recently organised a seminar “Global E-commerce Expo: Opportunities for Thai SMEs in the global marketplace” aiming to support small-and-medium enterprises (SMEs) to find new business opportunities and assist those considering entry into the global e-commerce market through Amazon platform. 

According to UOB Business Outlook Study 2023 (SME and Large Enterprises)[1], 93 per cent of Thai businesses are interested in using cross-border digital trade platforms as a means for their overseas expansion. 34 per cent use e-commerce platforms to source for raw materials and vendors[2].

The one-day seminar, therefore, tailored specifically for Thai SMEs looking to establish an online presence and seeking new growth avenues.  More than 150 attendees learned valuable insights on upcoming e-commerce trends, product identification, cross-border logistics management and financial supports from UOB to optimise business operations.

Mrs Sayumrat Maranate, Executive Director Head of Business Banking, UOB Thailand said “The seminar is co-hosted by UOB, Amazon Global Selling and Payoneer underscored the Bank’s commitment to empower our SME clients with knowledge and the financial supports needed to venture into international markets. It is aligned with the Bank’s strategy to connect our customers with new business opportunities. We believe the seminar will help our clients to uncover effective ways of running business on global e-commerce marketplace while expanding their customer base and scale up the businesses.”

Mr Thathien Anujorbhand, Head of Business Development - Amazon Global Selling Thailand, said “There is an enormous opportunity for Thai SMEs to tap the global e-commerce market. Our goal is to deepening collaboration with leading financial institution like UOB to help Thai businesses’ confidence in competing globally. Through this seminar, Amazon Global Selling provides insights to help interested sellers expand their business footprint globally by leveraging Amazon’s online storefront with over 300 million active customer accounts worldwide.”

Mr Chareon Hiruntrakul, Country Lead, Payoneer Thailand, said “We're very excited to work with Amazon and UOB to support the needs of the rapidly growing cross-border e-commerce community. Payoneer payment solutions make it easier for Thai sellers to manage finances and convert settlement back to a local bank in Thai Baht conveniently. With our solutions, Amazon sellers can receive payments from across the world in both domestic and foreign currency which can then be transferred back to the seller’s UOB account in Thailand”

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[1] See UOB Study: 3 in 4 Thai Companies Have a Positive Outlook for 2023

[2] UOB Business Outlook Study 2023, Respondents: SMEs and Large Enterprises across key industry verticals in Thailand, N=530.

About UOB

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within,and connecting with ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

About UOB Thailand

UOB Thailand is a fully-licensed commercial bank with its network of 149 branches, 352 ATMs nationwide (as at 31 December 2021). UOB Thailand is 99.66 per cent owned by Singapore-headquartered UOB, and is rated among the top banks in Thailand: AAA (tha) by Fitch Ratings.

21 September 2023
For More information, please contact
Brand Media and Communications
United Overseas Bank (Thai) Pcl.
Orawee Wiriyathananon
Tel. (+66) 2343 4040

Orapim Thongbhakdi
Tel. (+66) 82 010 9588