KASIKORNBANK (KBank) and Hua Seng Heng have teamed up to launch the GOLD NOW app, appealing to the young digital natives who are interested in online gold investment and saving. Simply by linking their KBank account to the GOLD NOW app, customers can digitally invest in and save gold. The app also introduces OM NOW [Save NOW] – a feature which allows new and small investors to buy, sell and save gold with ease on a real-time basis with no collateral required or fee charged. Initial investment is only 1,000 Baht. Investors have a chance to get returns anywhere while also choosing to receive a physical gold bar at any Hua Seng Heng outlet.
Mr. Tipakorn Saiphatana, KBank Executive Vice President, said, “KBank has stepped ahead in applying digital technology for development of our service channels while also fostering collaboration with leading partners to ensure greater convenience for our customers in meeting their business and lifestyle needs anywhere, anytime. Regarding the prevailing investment trend, investment via digital means has gained in popularity among the new generation thanks to its convenience and speed. As gold is a highly secure asset, it is always one of the most sought-after investment vehicles.”
KBank and Hua Seng Heng, Thailand’s leading gold trader, have embarked on providing online gold trading service via the GOLD NOW application. This new service is aimed at offering greater convenience for KBank customers, who prefer investment via digital channels. Those linking their KBank accounts with GOLD NOW can conduct gold trading or saving with ease. With the novel OM NOW [Save NOW] feature, gold investment or saving can be made in real-time and funds received in full even outside of office hours, reemphasizing KBank’s consistent development of digital financial services. To grasp the opportunities presented by real-time and convenient gold investment and trading, customers having deposit accounts at KBank or opening a K-eSavings Account on K PLUS may link their accounts with GOLD NOW from today onward.
Mr. Tanarat Pasawongse, Chief Executive Officer of Hua Seng Heng Group, said that Hua Seng Heng, a leading online gold trading platform operator, has experienced continued growth for more than 10 years. Cooperation with KBank, which is at the forefront in digital banking service, will raise the standards of online gold trading and offer convenient access to gold investment in response to the desires of the new
generation of KBank customers with digital lifestyles. With the latest OM NOW [Save NOW] feature, both new and existing retail investors can begin their gold savings easily with only 1,000 Baht. Hua Seng Heng aims to promote gold saving through the GOLD NOW application as another viable investment alternative because gold is a safe-haven asset amid the ongoing volatility seen in various global situations. The company’s endeavors will also help promote the discipline of saving in Thai society.
Key outstanding features of the GOLD NOW application include convenient and quick membership application and portfolio opening; trading of 96.5-percent gold (starting at 5-Baht weight) can be made every day, 6:00 a.m. to 2:00 a.m. Monday-Friday, and 9:30 a.m. to 5:30 p.m. Saturday-Sunday; with real-time gold trading (customers buying gold will get gold in their portfolios immediately after making payment, while those selling gold will get the money instantly, as well); application users can set the desired gold prices they intend to purchase or sell at, with no collateral or service fees required for submitting an instruction. They can select and set the gold weight for selling gold in their portfolios. Moreover, once users have saved gold to the targeted weight, they can exchange it for gold products from any Hua Seng Heng branch.
The advantage of online gold trading via the GOLD NOW application is that the money will be transferred to investors’ accounts instantly, even outside of gold dealers and banks’ business hours. This presents investors greater opportunity to engage in speculative trading – which matches the trend of the digital age in which new generations of investors prefer online gold trading. Moreover, the application is in line with the strategy of customer base expansion in order to broaden market reach, especially in outlying provinces where there are fairly large groups with purchasing power and considerable demand for the GOLD NOW application, as seen from the overwhelmingly positive response from customers nationwide a mere three days after its launch. Potential buyers can trade gold via the GOLD NOW application starting today, by simply downloading the application at the App Store or Play Store on the iOS or Android system, respectively, or at https://apps.apple.com/us/app/gold-now-by-hua-seng-heng/id1577898799#?platform=iphone or https://play.google.com/store/apps/details?id=com.huasengheng.rmi To view additional information and study details of the service, please visit
https://www.huasengheng.com/gold_now/