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Bank of Asia First to Tap Thai Post Office Network.

Bangkok Post (Bangkok, Thailand)

| November 05, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Nov. 5--Bank of Asia will become the first bank to gain access to the 1,100 offices of Thailand Post nationwide under an agreement to be signed today.

Sources said the financial sharing agreement would allow BoA customers to pay credit card bills and make account transfers through postal offices starting on Dec 1.

Starting next year, customers would be able to submit credit applications through post offices.

A number of local banks have been negotiating with Thailand Post and the Information and Communications Technology Ministry to gain access to the company's extensive network.

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