Bank of Thailand clippings file • NFCW

Central banks in five SE Asian countries to create common contactless QR payments zone

By Tom Phillips • 19 July 2022 • Updated 19 July 2022

The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand are to develop an interoperable cross-border payments system that will enable residents of each country to use their mobile banking app to make QR code-based payments for goods and services when visiting any of the other territories... More

What's New in Payments

Thai and Malaysian central banks roll out real-time cross-border QR payments

By Tom Phillips • 23 June 2021 • Updated 24 August 2022

Duitnow cross-border real-time QR code payments slide

Consumers from Thailand can now make instant cross-border QR code-based payments for goods and services to merchants in Malaysia from their mobile payments app using a service being launched by the Bank of Thailand and Bank Negara Malaysia... More

What's New in Payments

Thai and Vietnamese central banks roll out cross-border QR payments

By Tom Phillips • 1 April 2021 • Updated 1 April 2021

The Bank of Thailand and the State Bank of Vietnam have launched an interoperable cross-border payments system that will enable Thai visitors to Vietnam and Vietnamese visitors to Thailand to make QR code-based payments for goods and services using their mobile banking app... More

What's New in Payments

Tencent and Ant to integrate digital yuan wallets into mobile banking apps

By Tom Phillips • 25 February 2021 • Updated 25 February 2021

Tencent-backed WeBank and Ant-backed MyBank are conducting “preliminary work under the guidance of the People’s Bank of China (PBOC)” in order to integrate the digital yuan wallet into their payment and banking services, according to a China Securities report... More

What's New in Payments

Bangkok street food vendors switch to mobile payments

By Sarah Clark • 24 November 2017 • Updated 19 January 2019

Bangkok’s street food vendors are embracing mobile payments — Travel Wire Asia — “Street food vendors in Bangkok are embracing the digital revolution by offering e-payment methods for cashless transactions via smartphones… Vendors in the capital Bangkok are offering cashless payments after the Bank of Thailand (BOT) gave the green light for five banks to implement electronic payment systems using Quick Response (QR) barcodes.”

What's New in Payments

Thailand to get standardised QR code payments in move towards cashless society

By Rian Boden • 9 May 2017

Mastercard, Visa and UnionPay International have introduced a standardised QR code platform for payments in Thailand that will let consumers make a transaction with their mobile device at any supporting location. The service has been designed to support the Bank of Thailand’s cashless agenda which aims to “drive innovation, interoperability and security in payments” across the country. More

What's New in Payments

Thai banks to launch P2P payments with PromptPay

By Rian Boden • 20 June 2016

Fifteen commercial banks and four specialised financial institutions in Thailand are to begin registration for PromptPay, a mobile P2P service developed by Bank of Thailand (BOT) and the Thai Bankers’ Association... More

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Central banks in five SE Asian countries to create common contactless QR payments zone

Thai and Malaysian central banks roll out real-time cross-border QR payments

Thai and Vietnamese central banks roll out cross-border QR payments

Tencent and Ant to integrate digital yuan wallets into mobile banking apps

Bangkok street food vendors switch to mobile payments

Thailand to get standardised QR code payments in move towards cashless society

Thai banks to launch P2P payments with PromptPay