- Beam Bolt+ revolutionizes the payment landscape with its new powerful payments acceptance device, supporting all major methods of payment in a single portable and secure device.
- Designed to equip all types of businesses, Bolt+ works seamlessly with POS systems and self-checkout points through Beam’s proprietary pairing mechanism, projected to support more than 5,000 businesses in its first year.
- Empowering Thai merchants to embrace a cashless future
Beam, Thailand’s leading payment fintech start-up, has unveiled Bolt+, a new-generation payment solution for retailers to support credit and debit cards, QR PromptPay, E-Wallets, and installment payments from seven leading banks. Bolt+ enables merchants to complete transactions within seconds, meeting global security standards. Compact and portable, it is designed to be used wherever a sale is made, with a simple purchase of 4,490 Baht, and a fast sign-up and approval process within just 1-3 days. This innovation empowers entrepreneurs and merchants to transform any location into a sales opportunity, achieving success in business amid Thailand’s accelerating transition towards a cashless society.
Win Vareekasem, Chief Executive Officer and Co-Founder of Beam, said, “The rapid pace of the adoption of digital banking apps and wallets globally is particularly prominent and clear to see here in Thailand, coupled with the right solutions for merchants, we believe Thailand can become a primarily cashless society by 2030. Where over 90% of all transactions are digital.”
Thailand already demonstrates remarkable progress, boasting the world’s highest mobile banking penetration at 97% of internet users (source: Visa). This forms a strong foundation for further development. Key factors driving change include simpler payment processes and more efficient payment infrastructure, both of which align with the rapid rise of cashless transactions across the country.
Win added, “By becoming a primarily cashless society, we’ll have half the number of cash registers, 80% less ATMs, hundreds of thousands more trees, lower crime rates among many other benefits, saving billions of dollars in ‘economic waste’. In parallel, merchants will be accepting payments in a more frictionless, cost-effective, and secure manner.
In response to these trends, Beam has developed Bolt+, a next-generation portable payment device that supports all forms of cashless transactions. With just a tap or a scan for all payment methods, customers can pay instantly – whether at retail counters, events, or businesses of all sizes seeking to upgrade their payment experience. The launch reflects Beam’s vision of creating ‘The World’s Simplest Ways to Checkout’, making payments not only fast and convenient but also a strategic enabler for long-term business growth.
Win further explained that Bolt+ was designed to support Thailand’s readiness for a fully cashless society – backed by advanced infrastructure and rapidly evolving consumer behavior. Bolt+ is tailored to the needs of Thai retailers and SMEs with five powerful yet simple features:
- All major payment methods: Supports major local and international credit/debit cards, QR PromptPay, installment programs from up to 7 banks, and E-Wallets such as Alipay and WeChat Pay.
- Affordable Pricing: The device is 4,490 Baht, with free QR PromptPay, and low card fees starting at just 1.8%, with no monthly charges, deposits, or hidden fees.
- Fast Sign-up: Easy sign-up with account approval in 1-3 business days, enabling merchants to sell quickly.
- Flexible Operations: Works in standalone mode or connects with existing POS systems. Compatible with Wi-Fi, Hotspot, and SIM card connectivity.
- Trusted Security: All transactions managed on Beam’s fully regulated platform under the supervision of the Bank of Thailand, compliant with PCI DSS (Payment Card Industry Data Security Standard) and PDPA (Personal Data Protection Act).
To further support merchants in their transition to a fully cashless society, Beam has launched the ‘Cashless Club’, an initiative that encourages adoption of cashless payments. Recognizing merchants through a ‘Badge of Honour’ made up of stars, 1, 2 or 3 stars, symbolizing their readiness and ability to handle digital transactions and their reduced reliance on cash.