Banks hesitate in rush to cashless era

The banking industry’s push to discourage the use of cash led some to believe it was a good idea to charge fees for cash transactions and suspend cardless money withdrawals at ATMs. The Bank of Thailand and local banks have been promoting digital payments in their ...

Bangkok Post Reporter

Government, BOT working closely to create cashless society

The government and the Bank of Thailand (BOT) are successfully moving the country towards a cashless society and digital economy, government deputy spokeswoman Ratchada Thanadirek said.Ratchada said on Monday that the government and the BOT have a significant role to play in this transition with ...

The Nation Reporter

As digital financial services grow, DeeMoney leads the way

Digital transactions in Thailand are rising significantly, data from the Bank of Thailand shows. Mobile and internet payments were up 83 percent in 2018 from 2016, while fund transfers through traditional channels – branches and ATMs – sank.Keep reading ...

Roadmap to digital society in the work

The Ministry of Digital Economy and Society is drawing up a road map towards creating a “paperless and cashless society” in line with government policy.The project for government agencies will be implemented next year and the ministry will submit a proposal on the merger of ...

Jirapan Boonnoon

Safeguarding against the race for data

Putting Thailand 4.0 and a cashless society in place seems to be the dream of Thai policymakers and business tycoons, but the recent data leakage by two of the country’s major financial institutions has left many wondering whether the virtual dream is in fact a ...

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