With nearly 30 million visitors in 2015, 5.9 million of them being Europeans, the tourism industry in Thailand is at its zenith. Working in the tourism industry, the client knew that, in Thailand, there was no direct way to exchange foreign currency except at Foreign exchange Departments.
The client wanted to digitize the conversion process to allow people a hassle-free stay in Thailand, tourists and businessmen alike.
To save tourists the trouble to stand in the long Forex queues, the client wanted to create an e-wallet android application, which enabled its end-users to load their wallet with Euros and successfully convert them to Thailand Baht at then-exchange rates. In exchange for a small fee, the client further wanted to allow the user to access the converted amount by card-less withdrawal from a select number of ATM branches in Thailand.
While looking for a partner who could work hand-in-hand with client’s team and oversee a smooth app development process, the client chose SunTec to realize its goal.
L.Vey allows the user to add money at no charge, exchange it at a minimal charge, and revert back the un-used money to the bank at no charge.
The user can register with the app and set a PIN code, which can be used for future access to the app.
The user can add money in the wallet through bank transfer or debit/credit cards.
The user can withdraw the converted money by generating a one-time password (OTP), which can be used at select ATMs via card-less withdrawal option.
Users can pay the service charges through credit card in installments.
The user can transfer the unused money in the wallet back to the bank account with no extra charges.
L.Vey aptly served the client’s requirements of creating an e-wallet based android application offering best currency exchange rates. It looks forward to incorporate additional features (shopping platforms, etc.) and simplify monetary issues for tourists visiting Thailand.
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