Kasikornbank, YouTrip ramp up online payment security with 3DS 2.0

70% of respondents said that they’ve adopted a more cautious stance in online payments.

Kasikornbank has teamed up with Thailand’s multi-currency digital wallet YouTrip to introduce the 3-Domain Secure 2.0 (3DS 2.0) authentication feature for a more secure payment experience for online transactions.

This makes them the first in Thailand to integrate the 3DS 2.0 technology, according to a joint statement.

The new feature addresses Thai consumers' growing cybersecurity concerns. A survey by the Kasikorn Research Center (K-Research) saw 70% of respondents saying that they have a more cautious stance in choosing online stores and payment methods due to cybersecurity concerns.

This comes as YouTrip observed its annual e-commerce transaction volume over quadruple (4.6x) over the past two years as more consumers shift towards online shopping for its convenience and accessibility.

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