When visiting Asia and other parts of the world, most travelers know to carry cash if they want to make a purchase from a local street vendor—however, the digital revolution is transforming the way all businesses operate, including ones that have been strictly cashed-based in the past.
In Thailand's capital, Bangkok, the Bank of Thailand recently made it possible for five banks to implement electronic payment systems for QR codes. Bamnika Sonthi sells sticky mango rice and now uses a QR code to allow customers to scan and pay using just their mobile device. For the benefit of sellers, a notification is provided to ensure receipt of payment.
Since these QR payment systems have begun to be adopted by street vendors in Thailand, it has become a popular payment option primarily for consumers between the ages of 20 and 30.