Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.
January 3, 2022The participating banks include DBS, OCBC, UOB, Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank.
April 30, 2021New transactions based on THBFIX including loans, bonds, and structures notes must stop from 1 July 2021.
April 12, 2021The retail payment link will facilitate cross-border transactions between Thailand and Vietnam using local currencies.
April 3, 2021The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.
October 9, 2020BOT has issued new guidelines on the use of biometric technology in financial services, and granted approval to five banks to use facial recognition in account opening.
July 26, 2020Six banks will open online deposit accounts digitally, using facial recognition to verify customer identities against information held in the new National Digital ID platform.
February 7, 2020Phase 2 used smart contracts to automate bond lifecycle events, and introduced pre-validation to reduce error and fraud in funds transfers. Phase 3 will be a joint effort with the HKMA.
July 22, 2019All cross-border payments in the trial, which involved 17 banks across 7 countries, settled end-to-end within 25 seconds. SWIFT gpi has also now been introduced for corporates.
July 22, 2019Bank of Thailand outlined a number of key initiatives with other ASEAN nations to increase regional connectivity in cross-border payments.
April 10, 2019