Connect with us

Business

New e-payment service aims to ease fund transfers

Published

 on 

PHUKET: A new payment method designed to ease bank transfers, backed by the central bank of Thailand, was announced at a press conference held in Phuket last week.

Saowapa Limsila, chief of the Phuket Office of the Comptroller General, and Jongrak Angtanya, vice president of the ‘Phuket Bankers Club’, jointly chaired the meeting held at Phuket Provincial Hall.

The new service, called ‘Prompt Pay’, is a new method of conducting transactions that allows users to transfer money between accounts without having to input their bank account number. This reduces the hassle of carrying a bank book or having to remember your account numbers.

The service has been open for registration since July 15, but will be launched on October 31.

“The user can send and receive money using only his or her phone number or national ID card number,” Ms Saowapa said at the press conference.

The service is part of the national e-payment policy by the government to encourage the use of electronic transactions rather than carrying cash. It has been implemented through cooperation between the Bank of Thailand and all banks in the country.

Prompt Pay gives customers the opportunity to transfer amounts with lower-than-normal bank charges between two different branches of the same bank, and also between two different banks.

Transfers of less than 5,000 baht are free; 5,000-30,000 baht will be charged a maximum of two baht per transaction; 30,000-100,000 baht will be charged a maximum of five baht per transaction; and more than 100,000 baht will have a maximum charge of 10 baht per transaction.

Ms Saowapa said their extensive plans with Prompt Pay would “change the future of banking in Thailand”.

“In the future, we will introduce many additional options to users of the service, such as tax returns, pensions and payment cheques,” stated Ms Saowapa.

“We plan to offer these services to companies and juristic persons as well, instead of only the general public as we do now.”

Those interested can register for Prompt Pay through an ATM, internet banking, mobile banking, or in person at the bank.

Users will be able to connect one bank account with one to three phone numbers, but cannot connect more than four accounts per person.

— Kongleaphy Keam

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

What you get for $X1 hour ago

What $100,000 buys you for a condo in Bangkok, Phuket, Pattaya, Koh Samui and Hua Hin

Thailand3 hours ago

Thailand News Today | Activists plan protests all across Thailand

Thailand3 hours ago

Snitching on parking space hoggers could earn you 5,000 baht in Thailand

Sponsored11 hours ago

10 Best Seed Banks that Ship Cannabis Seeds Discreetly to You (Free US Shipping)

Weather3 hours ago

Storm Noru weakens from typhoon to depression as it moves across Thailand

World4 hours ago

Suicide bombing in Afghanistan hits students preparing for exam

Politics5 hours ago

BREAKING: Prayut reinstated as Prime Minister of Thailand

Join the conversation on the Thaiger Talk forums today!
Technology5 hours ago

What role for Thailand in China’s great European EV invasion?

Cambodia5 hours ago

Cambodian delegation in UK to seach for stolen treasures

Thailand6 hours ago

20 baht notes printed with errors, says Bank of Thailand

Crime6 hours ago

Loan shark bombs debtor’s house in southern Thailand

Thailand7 hours ago

Thai researchers develop flood-resistant rice strain

Press Room7 hours ago

Southeast Asia’s hospitality leaders step into the ring to fight for sustainability at PHIST 5

Crime7 hours ago

Horrified relatives attempt ID of disfigured suitcase victim

Travel7 hours ago

Things to do in Bangkok that cost next to nothing (2022)

Travel8 hours ago

5 best spa treatments in Bangkok to pamper yourself this September – October

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending