Search Results for: mobile banking
- Thailand News
Mobile banking to operate normally during verification
The National Broadcasting and Telecommunications Commission (NBTC) clarified today that mobile banking services will continue to operate as usual on May 27. The NBTC, in collaboration with the Anti-Money Laundering Office (AMLO) and commercial banks, aims to ensure that mobile numbers linked to bank accounts are properly verified to tackle issues related to fraudulent SIM cards and mule accounts. The NBTC…
- Thailand News
Thai mobile banking sim names & accounts must match or else
Starting tomorrow, individuals using mobile banking in Thailand must ensure that the name registered on their mobile SIM card matches the name on their bank account. Failure to comply will result in the suspension of their mobile banking services. Thailand’s Ministry of Digital Economy and Society announced a new measure aimed at curbing fraudulent bank accounts and SIM cards, commonly…
- Business News
Thai bankers reassure on mobile banking security following fraud incident
The Thai Bankers’ Association (TBA) has reassured its customers about the security and stability of mobile banking applications. The affirmation follows the recent arrest of a software programmer who developed a tool capable of bypassing facial recognition technology for transactions above 50,000 baht. It is mandatory for mobile banking users wishing to transfer between 50,000 baht and 200,000 baht per…
- Thailand video news
New biometric scans for mobile banking | GMT
Thailand is making moves to attract more tourists to its vibrant and diverse culture. The Bank of Thailand has announced new biometric scans for mobile banking, which will make it easier for tourists to access their funds. Additionally, food trucks are being used to draw in more visitors. Russia is also making its presence known in the kingdom, with many…
- Business News
Keep your phone’s operating system up to date or lose mobile banking, warns Bank of Thailand
The Bank of Thailand says a constant threat from malware and bogus apps requires a robust security response and as a result, phones with outdated operating systems will likely lose full access to online banking. The Nation reports that assistant BOT governor Siritida Panomwon Na Ayudhya says there has been significant growth in the popularity of mobile banking, with approximately…
- Thailand News
Over 2 million unregistered Thai mobile numbers suspended
The National Broadcasting and Telecommunications Commission (NBTC) suspended the services of over 2 million mobile phone numbers after their owners missed the identity registration deadline yesterday. This move aims to enhance security and reduce fraud related to unregistered mobile numbers. The affected numbers are primarily linked to individuals possessing between six and 100 unregistered SIM cards. The suspension affects their…
- Business News
Thailand tackles fraud with mobile bank account name verification
Mobile bank account holders can continue using their services uninterrupted as authorities work to ensure the names of account holders match those of phone subscribers, according to the Ministry of Digital Economy and Society (DES). This initiative aims to tackle the misuse of bank accounts by fraudsters. The crackdown, launched at the beginning of the week, has caused some concern…
- Thailand News
NBTC rings changes: Task force to dial down online banking scams
The National Broadcasting and Telecommunications Commission (NBTC) has established a working group to enforce a new policy aimed at preventing online scams targeting mobile banking users. This policy mandates that the name used to register a mobile phone SIM card must match the name of the bank account holder connected to the internet via that SIM card. This policy had…
- Business News
Bank of Thailand to accept virtual banking licences applications
This month, the Bank of Thailand is set to welcome applications for virtual banking licences, a move that has piqued the interest of numerous business operators. The finance ministry is currently in possession of a draft outlining the regulations for virtual banking, which is due to be made public in the Royal Gazette. Suwannee Jatsadasak, a 42 year old assistant…
- Thailand News
Technical glitches in Bangkok Bank’s mobile app continue to disrupt weekend transactions
Customers of Bangkok Bank continued to face technical glitches with their mobile banking application over the weekend. Users yesterday began voicing their concerns, reporting an inability to gain entry to their accounts. Instead of the familiar user interface, customers were met with an image of a woman courteously apologising for the disruption. This inconvenience caused significant disruptions for clients who…
- Business News
Virtual banking: SCB X and KakaoBank join forces for Thai licence bid
A consortium led by financial technology conglomerate SCB X is partnering with South Korea’s KakaoBank to apply for a virtual banking licence from the Bank of Thailand. SCB X, a holding company of Siam Commercial Bank, signed the agreement with KakaoBank, with the aim of bringing additional partners on board to improve competitiveness. Arthid Nanthawithaya, chief executive of SCB X,…
- Crime News
Cyber fraud case renews talks over the safety of online banking
After at least 40,000 people in Thailand were victims of online banking cyber fraud, the Cyber Crime Investigation Bureau is renewing talks over the safety of such online transactions. The losses recently incurred by those using online banking are thought to be over 10 million baht after hackers stole credit and debit card information. Kornchai Klayklueng, the commissioner of the…
- Crime News
3 Chinese nationals arrested in Bangkok over banking app fraud
Immigration Police have arrested 3 Chinese nationals accused of a phishing scam involving the Siam Commercial Bank mobile app. The men all entered Thailand illegally and are accused of defrauding SCB customers by conning them into providing their personal data and passwords. Sompong Chingduang, chief of the Immigration Police, says Yong Hua and Yue Dian were arrested at a property…
- Thai Life
Trend Micro builds safer mobile gaming experience for consumers in Thailand
PHUKET: Trend Micro announced in a press statement that it is introducing the first-of-its kind Dr. Safety mobile security app, together with game developers in an effort to create a world safer for mobile gaming. First launched in Taiwan, the app is now available in the rest of Asia Pacific. It features six secure game technologies including a security certified…
- Phuket News
Phuket blood bank launches March mobile donation drive
PHUKET: The Phuket Chapter of the Red Cross Society has announced its schedule of mobile donation clinics for the month of March. The Phuket Regional Blood Center (PRBC), often called upon to save the lives of Thais and foreigners, is low on stocks of blood type A. “We need to maintain a daily minimum stock of 200 units of A,…
- Thailand News
NBTC suspends SIM cards to tackle call centre scams
The National Broadcasting and Telecommunications Commission (NBTC) of Thailand, in partnership with the Anti-Money Laundering Office (AMLO), launched a significant operation aimed at regulating mobile banking and combating call centre scams. The initiative led to the suspension of 1,096,000 phone numbers registered to users holding more than 101 SIM cards. A member of the NBTC board, Police General Nathathorn Prousoontorn,…
- Thailand News
Bank of Thailand intensifies crackdown on mule accounts
The Bank of Thailand (BoT) intensified efforts to crack down on mule bank accounts used for fraudulent financial activities by placing a freeze on any suspicious accounts, in a move to disrupt criminal operations. Deputy Governor for Financial Institution Stability at the BoT, Ronnadol Numnonda revealed that last year, a decree on measures to prevent and suppress technological crime was…
- Thailand News
Woman arrested for 2.8 million baht fraud and nude clip scheme
The Royal Thai Police (RTP) arrested a woman for her alleged involvement in a nude clip scheme and a 2.8 million baht investment scam impersonating a well-known platform where she reportedly coerced victims into sending nude clips in exchange for withdrawing their investment money. Police Major General Teeradech Thammasuthee, today, alongside an investigative team, apprehended 29 year old Arisa under…
- Thailand News
Thai woman steals 560,000 baht from businessman in romance scam
A Thai woman confessed to working with a romance scam gang to defraud a Thai businessman of approximately 560,000 baht. The victim, 41 year old Nontaphan, reached out to non-profit organisation Saimai Survive on May 9 after losing 560,000 baht to the 26 year old Thai woman named Akira. He sought their help to track down the woman, who was…
- Business News
Thai Finance Minister set to discuss policies with BOT
The freshly appointed Finance Minister today expressed his readiness to engage in discussions with the governor of the Bank of Thailand (BoT) to align fiscal and monetary policies. Pichai Chunhavajira, who is also the Deputy Prime Minister of Thailand, stated to journalists that collaborating with the BoT on policy coordination is part of his job responsibilities. Pichai expressed confidence that he…
- Guides
Essential steps to financial mastery in the digital age
Embarking on a journey to excel in the finance sector presents an exhilarating opportunity, replete with abundant prospects and some challenges. Whether one is transitioning from academia or contemplating a career shift, understanding the essential steps towards success in the realm of finance is paramount. A combination of comprehensive education, practical experience, and strategic planning positions individuals for a rewarding…
- 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,…
- Visa Information
Elevate your privilege with the Thailand Elite Visa
The Thailand Elite Visa is a leading choice for foreign nationals looking to make Thailand a second home and with good reason. This is a long-term tourist visa granting unlimited travel into and out of Thailand, obtainable by becoming a member of the Thailand Privilege program. Thailand Privilege Co., Ltd., a subsidiary of the Thai government’s Ministry of Tourism and…
- Pattaya News
Chanthaburi noodle shop owner returns 300,000 baht overpayment
In the heart of Chanthaburi, a remarkable event transpired at 6pm on Tuesday, March 5. Samart Wongnapa, a 49 year old noodle shop proprietor, found himself in the spotlight of local media. The cause of this sudden attention was his commendable action of returning an accidental overpayment of 300,000 baht (US$8,417) to a group of Chinese customers who had dined…
- Thailand News
Khon Kaen Buddhism director scammed of 1.19 million baht
The director of the Office of Buddhism in Khon Kaen has fallen victim to a scam, resulting in a loss of over 1.19 million baht (US$32,973), leaving a mere 87 satang (US$0.024) in their bank account. The director, who had unknowingly sent their phone number—which was not linked to any bank—to what appeared to be a legitimate airline’s line account,…
- Thailand News
Thai taxi driver seeks justice after brutal axe attack and car theft (video)
A local taxi driver sought justice after a Thai man posing as a passenger attacked him with an axe before stealing his car. The taxi driver said he was seriously injured but the police gave the attacker a lenient sentence. The taxi driver, 51 year old Chinnaphat Chokchana, urged non-profit organisation Saimai Survive to help him seek justice. Chinnaphat recounted…
- Thailand News
Thai man arrested for stealing 3.4 million baht from 97 year old woman
Police arrested a light-fingered Thai man for stealing 3.4 million baht from a 97 year old Thai woman by transferring money to his bank account 127 times using a mobile banking application. A community leader, Jadesada Cha-onchom, accompanied the 97 year old victim, identified only as A, to file a complaint against the alleged 24 year old thief, Thanaphat Jaipeng,…
- Thailand News
Delivery rider disguise: Armed man coerces Chinese merchant for 2 million baht
An indebted young man, disguised as a delivery rider and armed with a gun, coerced a Chinese merchant into transferring 2 million baht by claiming the money was for his child’s medical treatment. The assailant promised to return the money in six months. The incident occurred at the Kukot Police Station in Pathum Thani province. Senior Police Colonel Jirasan Kaewsangaek,…
- Thailand News
Thai authorities demand registration for individuals holding over five SIM cards
Under the leadership of Prasert Chantraruangthong, the Committee for the Prevention and Suppression of Cybercrime has mandated the registration of individuals possessing more than five SIM card numbers. The numbers are staggering. A whopping 7,664 individuals possess over 100 SIM cards, with Thai nationals holding 3,580,571 of them, and foreigners not far behind with 2,591,365. The National Broadcasting and Telecommunications…
- Thailand News
Bank account freeze scam strikes fear: Fraudsters use shocking new tactics in Thailand (video)
Fraudsters have mastered the art of freezing bank accounts and fabricating account screenshots, leaving victims vulnerable to a financial nightmare. A TikTok user, @tawanviewsomboons, has exposed a cutting-edge scam that could leave anyone’s finances in tatters. @tawanviewsomboons posted today a cautionary video, shedding light on the elaborate tactics employed by these scammers. In the video, @tawanviewsomboons recounts a distressing incident…
