payments
- Thailand News
Thailand implements law for package checks before CoD payments
A new law enabling customers to open packages of products ordered online before making payments has come into effect, according to the Royal Thai Police (RTP). Prime Minister’s Office Minister Jiraporn Sindhuprai announced the law in the Royal Gazette on July 5, which came into effect on October 3. The law, known as the Contract Committee Notification on Cash-on-Delivery (CoD)…
- Thailand News
NHSO denies additional funds for advanced Thai treatments
The National Health Security Office (NHSO) firmly rejected a proposal from a national network of hospitals to allow patients under Thailand’s universal healthcare scheme to pay extra for enhanced treatments. A coalition of hospitals, including the university hospital network, approached Public Health Minister Somsak Thepsutin last month, seeking the ministry’s intervention to address the budgetary constraints of the universal healthcare…
- Business News
Central Group, Thai banks initiate tourist QR payments
The Central Group of companies, which includes Central Retail Corporation, Central Pattana, and Centara Hotels and Resorts, has joined forces with the Bank of Thailand and six leading commercial banks to launch a cross-border QR payment service for tourists. The banks involved in this collaboration are Bangkok Bank, Kasikornbank, Krungthai Bank, Siam Commercial Bank, Bank of Ayudhya, and CIMB Thai…
- 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 News
Thailand News Today | Prayut acquitted, Chinese probe, Speed limit 120 kph | December 2
The Thai Prime Minister, Prayut Chan-o-cha has been acquitted by the Constitutional Court. Full story HERE. Thai Airways to resume flights from Bangkok to Chiang Mai and Phuket After nearly 9 months on the ground due to the coronavirus pandemic, along with problems balancing their accounts, Thai Airways will resume flights between Bangkok and Chiang Mai as well as Bangkok…
- Covid-19 News
Foreigners who test positive for C19 in Thailand won’t be able to use the public health system
The battle to reopen Thailand’s borders is shaping up as a 3-way PR fight between economic hawks who are eager to re-open to reboot the country’s tourism industry, a government and medical officials resting on their laurels after containing the virus, and a risk-averse population who, survey after survey, indicate they are keen to keep the borders closed. In another…
- Covid-19 News
Coronavirous cash handouts may not last full 6 months
The much touted 5000 baht handouts to “informal workers” affected by the Covid-19 coronavirus, originally announced for 3 months but later extended to 6, may not actually last that long, Thailand’s finance minister said yesterday. More than 20 million people have signed up for the grants, but only some 9 million of them are eligible, and the government has issued…
- Covid-19 News
Nearly 20 million try to register, crashing Thai government’s payout website
Four major Thai banks closed their branches this weekend, partly in anticipation of a surge of applicants for the governments recently announce 5000 baht handout scheme for “informal” workers affected by the Covid-19 coronavirus pandemic. According to Krungthai Bank, nearly 20 million people tried to log in and register on the government’s payout website, which opened last night, significantly higher…
- Covid-19 News
Banks stay open during state of emergency
The good news is you can still get to your money, most branches will stay open (for now) and ATMs will stocked with cash. The Bank of Thailand and other financial institutions say that they will keep as many branches open as possible to ensure businesses can continue to operate during the Covid-19 emergency. BoT, the Thai Bankers’ Association, the…
- Covid-19 News
5000 baht per month for “informal” Thai workers
Informal workers, meaning temporary workers, contractors and the self-employed will be able to claim 5000 baht in government assistance per month during the Covid-19 Coronavirus crisis, which has already closed untold thousands of businesses, even before yesterday’s announcement of a state of emergency. The program and payments begin on April 1. Workers must be Thai nationals and register with either The…
- Covid-19 News
7 key service required by all Thai banks during ‘disruption’
The Bank of Thailand is demanding all Thai financial institutions to continue providing 7 basic financial services, including money withdrawals, fund transfers, deposits, payments, cash management and settlement systems, in an effort to avoid potential Covid-19 related disruption. Secretary-general of the Thai Bankers Association, Kobsak Duangdee, says after the conference call between all banks and the central bank, they’ve all…
- World News
Nium partners with Visa for new instant money transfers in SE Asia
‘Nium’, a new digital cross-border payments platform, will now enable users to make real-time money transfers to Visa debit cardholders across Southeast Asia including Viet Nam. It is based on Visa’s real-time push payments solution called Visa Direct. Nium is the first fintech-based money transfer service provider in Southeast Asia to offer instant money transfer through recipients’ 16-digit Visa debit…
- Business News
SE Asian banks slowly giving way to e-payments and payment apps
PHOTO: starbucks.com That cold, hard cash in your pocket, and the traditional shop-front banks that give it to you, are slowly being phased out and replaced with e-payments. It’s now expected that traditional banks in South east Asia will miss out on as much as US$5 billion, or 14.3% of their payments revenue by 2025. A report says they are…
- Thailand News
Getting ready for 5G. NCPO extends digital band payments.
Thailand’s mobile phone operators using the 900Mhz band and digital TV licensees have been given an extension for their concession fee payments. PM Prayut Chan-o-cha, as head of the NCPO, has invoked Article 44 of the interim Constitution, to extend the concession fee payment schedule for mobile phone operators from 4 months to 10 months. The relaxation in the timing of payments to be made to the NBTC will greatly ease the financial…
