Search Results for: QR code payment
- Thailand News
Thailand drives PromptPay QR code payments forward
The Bank of Thailand (BOT) is accelerating its efforts to expand the digital payments ecosystem, aiming to make transactions more accessible and convenient for both Thai citizens and foreign visitors. This strategic move aligns with the growing global trend toward digital financial solutions and aims to enhance financial inclusion and cross-border transactions. A key focus of the BOT‘s initiative is…
- Thailand video news
Thailand Video News | Cabinet shake-up plants seeds for cannabis reform, India and Thailand to launch cross-border QR payments
In this Thailand video news, Alex and Jay cover the stories across Thailand. Beginning with Thailand and India have announced plans to revolutionise cross-border payments with the introduction of QR code technology. Meanwhile, amidst political maneuvering, Thailand’s Cabinet reshuffle hints at forthcoming changes in cannabis legislation. However, not all news is positive for Thailand as its flagship carrier, Thai Airways, grapples…
- Business News
Thailand and India to launch QR cross-border payments
The Bank of Thailand (BoT) is set to introduce QR code cross-border payments between Thailand and India by the third quarter of this year, with a broader vision to expand this system into a pan-Asian multinational payment network. The Assistant Governor for Payment Systems Policy and Financial Consumer Protection Group at the central bank, Daranee Saeju, revealed that the payment…
- Thailand News
Thai-Lao QR payment system launched to boost border tourism
The Bank of Thailand (BoT) and the Bank of Lao (BoL) have initiated a QR payment system to facilitate electronic transactions, a move that promises to increase tourist spending at the Thai-Laos border. The system was launched on the fringes of the 11th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting in the Luang Prabang on April 3. Khemchat Somjaiwong,…
- Thailand News
Hot pot buffet shifts to cashless payments from January 2024
The renowned Hot Pot Buffet restaurant chain announced a shift in its payment methods, heralding the onset of a cashless society. As of January 1 next year, customers in Thailand can no longer pay with cash but must opt for credit card payments or QR code scanning. As society becomes increasingly cashless, many businesses have adapted their payment systems. They…
- Business News
Weixin Pay rolls out red carpet for tourists in Thailand with new payment perks
Tencent’s Weixin Pay, commonly known as WeChat Pay, a Chinese payment service provider, has introduced innovative features aimed at simplifying payments for foreign tourists in China and cross-border transactions in Thailand. These features allow visitors to conveniently make payments by scanning QR codes, streamlining the payment process. Starting in July, Tencent has been collaborating closely with major global credit card…
- Crime News
Khon Kaen shop owners targeted by clever thief employing overpayment scam
Disturbing incidents have been reported in Khon Kaen, where several local shop owners fell victim to a scam by a short-haired woman masquerading as a male shopper. She would claim she had no cash, ask to transfer more than the purchase price, and then request the difference in cash. The woman disappeared without confirming the transfer, leaving the shopkeepers at a…
- Business News
Truemoney partners with Mastercard and Google for contactless payment expansion
TrueMoney, a prominent e-payment and financial service provider, has collaborated with Mastercard and Google to facilitate the integration of TrueMoney Mastercard virtual prepaid cards, formerly referred to as WeCard, into Google Wallet. This development enables Google Wallet users to utilise TrueMoney Mastercard for contactless payment through the Google Pay platform. Apinand Dabpetch, head of TrueMoney’s growth and wallet platform, explained…
- World News
Thailand pushes digital payments, rejects US dollar in move towards cashless society
The Bank of Thailand and central banks in four more southeast Asian countries are creating a cross-border payment zone using QR codes so that southeast Asians can make international payments digitally without having to convert and reconvert to US dollars. The bank hopes to bolster the use of digital payments to halve the amount of cash in circulation in Thailand…
- Thailand News
RTP to introduce QR code on police guns to prevent theft & misconduct
The Royal Thai Police (RTP) plans to introduce a QR code on all police guns so they can track payment and prevent theft and misconduct by officers. The Deputy Commissioner of the RTP, Torsak Sookwimon, revealed to Thairath that Thai police officers do not want to use guns provided by the government because the disbursement process is slow and complicated.…
- Business News
Thai government preps digital wallet scheme for 50 million citizens
The Ministry of Digital Economy and Society (DES) is getting ready to support the government’s digital wallet scheme, aimed at benefiting 50 million Thai citizens. Under the direction of Minister Prasert Jantararuangtong, the National Cyber Security Agency (NCSA) will monitor the security of the 500-billion-baht (US$13.4 million) digital initiative. Simultaneously, the Digital Government Agency (DGA) will take charge of digital…
- Retire in Thailand
Opening a bank account as a foreigner in Thailand: A guide
Thailand, with its natural beauty and urban convenience, is a magnet for people from all across the globe. If you’re one of them, you’ll need to open a local bank account to handle your finances. Whether you’re in the country to work, retire, or study, having a local bank account offers a range of advantages. It simplifies the process of…
- Crime News
Online gambling crackdown: Police bet big, net 400 million baht
Police swooped on a major online gambling network, resulting in the arrest of two key figures and the seizure of assets worth over 400 million baht. The operation, named Shutdown, targeted the Askmepay and Hengpay payment systems implicated in the illegal activities. At 10.30am yesterday, July 16, police officials announced the successful raid on three locations in Bangkok. The operation…
- Thailand News
Thailand scraps controversial tourist tax scheme
In a dramatic U-turn, Thai Prime Minister Srettha Thavisin announced the cancellation of the highly debated tourist tax. Initially proposed as a post-pandemic measure, the 300 baht tax at airports and 150 baht tax by land or sea, caused a storm of opposition from the travel industry due to its ambiguity and potential for confusion. The National Tourism Policy Committee…
- Thailand News
Staffer pays the price for dine-and-dash at Phuket cafe
A staffer at the Cafe Dim Sum Phuket took to social media to warn fellow service workers about a crafty scam that left her out of pocket. The alarming incident occurred on May 23 at the bustling eatery near the iconic Clocktower Circle in Phuket Town. Nong Lin, an employee at the popular restaurant, recounted her experience with a group…
- Business News
Superrich faces stalled growth as tourists prefer travel cards
Renowned local money changer Superrich Currency Exchange (1995) Co, known by its SuperRich Orange brand, has faced a challenging start to the year with its transaction growth stalling at zero during the initial four months, despite an increase in foreign travellers. The stagnation in Superrich’s growth is largely due to the rising popularity of travel card services, which are increasingly…
- Thailand News
Lottery Office unveils digital lottery ticket platform for vendors
The Government Lottery Office (GLO) announced the imminent launch of its digital lottery ticket platform, set to transform the way vendors sell tickets. GLO Director Lieutenant Colonel Noon Sansanakhom revealed that the eagerly awaited website will go live this Sunday, offering registered vendors the opportunity to sell tickets for the April 1 draw. Lt. Col. Noon detailed the key features…
- Automotive
Types of driving licenses in Thailand
Navigating the roads in Thailand requires more than just a sense of buying a car or adventure; it demands the right kind of driving license. Whether you’re a resident or a foreigner looking to explore the Kingdom on wheels, understanding the different types of driving licenses is crucial. Thailand offers various licenses, catering to different vehicles and drivers’ needs. From…
- Thailand Cannabis Guide
Revolutionising cannabis: The blockchain game-changer
In the rapidly evolving cannabis industry, ensuring product quality and authenticity is paramount. Enter blockchain technology, a game-changer that’s poised to revolutionize how we track, manage, and verify cannabis products. This digital ledger system isn’t just about cryptocurrency anymore; it’s about bringing unparalleled transparency and efficiency to the cannabis supply chain. By leveraging blockchain, companies can now offer you a…
- Thailand News
KTC reports robust growth, launches Thailand’s first digital credit card
KTC, the leading credit card service provider in Thailand, reported a robust growth in its operations for the year 2023. The company revealed a surge in card spending exceeding its initial target by over 10%. Continuing its growth trajectory into 2024, KTC maintains its previous growth target of 15%. Currently, KTC holds a 12% market share in the total card…
- Thailand News
Illegal botox operation uncovered in Chumphon beauty clinic
Cyber Crime Investigation Bureau officers raided a renowned beauty clinic, arresting a 31 year old medical assistant, identified as Urairat. Today, she was caught operating an illegal Botox and skin whitening injection operation on the premises located in Sukkasem Road, Tha Taphao, Chumphon. The suspect revealed that she had learnt the injection procedure from a doctor and initially practised on…
- Thailand News
Thai police to enforce Public Penalty Act: no imprisonment for minor offences, fines only
Police across Thailand today will begin implementing the Public Penalty Act, which allows for fines instead of criminal punishments. The new mandate, signed by the National Police Chief, ensures that individuals won’t face imprisonment or detention in lieu of fines and that their offences will not be recorded in their criminal history. This move took effect today at the National…
- Guides
Can expats get a loan in Thailand?
As an expat living in Thailand, you may have often wondered, “Can I get a loan as a foreigner in Thailand?” Maybe you’re eyeing that lovely condominium in the heart of Bangkok, dreaming of a shiny new car, planning your dream tropical wedding by the beach, or thinking of sprucing up your home. And naturally, you’re looking at loans to…
- Thailand News
Driving change: Thailand shifts gears with online vehicle registration
The Thai government has launched an online vehicle registration service, providing a more convenient and time-saving option for the public. This move aligns with the government’s digital transformation policy, which aims to facilitate access to public services. As a result, citizens can now book a single number plate for each vehicle. Ratchada Thanadirek, Deputy Government Spokesperson, highlighted that this initiative…
- Business News
Thailand banks team up for digital revolution: Collaboration to launch retail CBDC
The Bank of Thailand is collaborating with three payment service providers, Bank of Ayudhya (Krungsri), Siam Commercial Bank (SCB), and 2C2P (Thailand) Co, to develop and launch its retail central bank digital currency (CBDC). The new financial infrastructure aims to enhance the convenience and efficiency of financial transactions while reducing costs. The testing of the retail CBDC is scheduled to…
- Business News
HSBC Thailand seeks licence, raises capital for local business expansion
In preparation for local business expansion, HSBC Thailand is working to raise additional funds and secure a new licence, in line with the nation’s economic growth. The bank’s capital is set to increase by 3.1 billion baht, reaching 25.7 billion, according to chief executive Giorgio Gamba. Furthermore, HSBC Thailand is seeking a new business licence from the regulator to bolster…
- Guides
10 things that can make expats life way easier in Thailand (2022)
Thailand is a popular place for expats from around the world to settle because of the affordable luxury lifestyle it offers. Living here you get to enjoy spectacular scenery, comfortable tropical weather, delectable inexpensive cuisine and low-cost living. Moving to Thailand is also like stepping into a gorgeous paradise if you are coming from a very cold country, On the…
- Travel
City Guide: How to open a bank account in Thailand 2022
Opening a bank account in Thailand is important if you’re going to stay here for the long run. Expats frequently have trouble opening a bank account or are uninformed about the process. This’s where we come in… Having a Thai bank account can help you manage your finances more effectively, including sending and receiving money from overseas. Obviously, it’s necessary…
- Thailand video news
Thailand News Today | Another pedestrian killed on zebra crossing
another pedestrian on a zebra crossing has been killed by a speeding motorist. Meanwhile, Rayong is all hands on deck in preventing an oil spill from reaching its beach, and how to get a year’s supply of free condoms. That’s all coming up in today’s program. You’re watching Thailand News Today, bringing you the top headlines in Thailand and beyond.…
- Travel
Survival Guide: Top 8 apps to download for visiting Thailand in 2022
It’s undeniable that travelling has become significantly more complicated since the pandemic. Yet for all the unexpected red tape you might encounter when crossing borders, travelling is still fairly straightforward: choose a destination, book your flights and hotels, and make sure you prepare all the necessary paperwork. (And if you’re coming to Thailand, that likely means a LOT of paperwork.)…
