News
Lifestyle, virus push e-money trend
Electronic money (e-money) has grown in terms of spending and top-up value, driven by consumers’ financial behaviour in the digital age and social distancing amid the pandemic.According to the Bank of Thailand, e-money spending value has continued to increase for the past five years.Keep reading ...
Somruedi Banchongduang
Pandemic speeds up digital drive
Despite decades of rapid change, 2020 somehow shifted the pace into overdrive, forcing businesses to change course overnight, workers to scramble to find a place in the new economy and leaders to carve out lucrative opportunities.These trends of 2020 highlight not only the chaos, but ...
Bangkok Post Reporter
Uttama prioritises e-payment growth
Finance Minister Uttama Savanayana is focused on expanding the national e-payment system, lifting the competitive edge of small and medium-sized enterprises (SMEs) and strengthening the grassroots economy in 2020.Expanding the national e-payment system is meant to make life more convenient for people and sharpen small ...
Wichit Chantanusornsiri
E-payment roadmap eyes cross-border as first order
The national e-payment roadmap for 2020 prioritises cross-border payments and fund transfers, aiming to boost financial transactions via the digital platform across Asean and deepening integration of the regional bloc.Under the three-year national e-payment roadmap through 2022, cross-border transactions are the focus next year. Financial ...
Somruedi Banchongduang
The less-cash economy
Even though cash remains the preferred mode of payment in Thailand, its share is on a gradual decline in light of efforts by the government to promote electronic payments under its National e-Payment Master Plan, according to a report by the data and analytics company ...
Bangkok Post Reporter
E-commerce players up in arms over tax
The government’s tax collection policy is threatening the growth of e-payments and discouraging a cashless society, say e-payment and e-commerce proponents. The Bank of Thailand reported that the value of e-payments in June 2018 was 38.94 trillion baht, up from 33.56 trillion a year earlier. ...
Suchit Leesa-Nguansuk
BoT: E-payment climb hastening
Thailand’s average digital payment transactions are expected to triple to 150 transactions per person per year sooner than previously forecast, thanks to a series of launched of digital banking services.Keep reading ...
Somruedi Banchongduang
