Payments News

On The Web

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Global

PayNow and Thailand’s PromptPay to link up next year in trailblazing move

“FROM mid-2021, users of Singapore’s PayNow and Thailand’s equivalent PromptPay will be able to send money instantly and securely across the two countries with their mobile phone numbers at “competitive rates”, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). This linkage between two countries’ national faster payment systems will be the […]
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Global

Mastercard, Amadeus, and Elavon Team up for Thai Airways Payments

“Mastercard has collaborated with tech firm Amadeus and global payments company Elavon to deliver a payments platform for Thai Airways. The Amadeus B2B Wallet Partner Pay solution is currently on trial with Thai Airways and Sweden-based travel agency Select Travel. As a result, it has already reduced cost and complexity for making payments. When the […]
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On The Wires

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Companies

ACI Worldwide Powers Real-Time Payments Growth for Thailand’s National Interbank and Transaction Management and Exchange (ITMX)

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that Thailand’s National Interbank Transaction Management and Exchange (ITMX) has successfully implemented ACI’s real-time payments solution to modernize Thailand’s bulk payments processing system and support continued real-time growth.”
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Global

The Bank of Thailand Announces the Prototype Development Project of Central Bank Digital Currency (CBDC)

“The Bank of Thailand (BOT) has announced the project to develop the prototype of the payment system for businesses using Central Bank Digital Currency (CBDC), which will build upon knowledge from Project Inthanon. The project scope will include conducting a feasibility study and developing a process to integrate CBDC with the business’ innovative platform. The […]
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Global

Deutsche Bank Launches PromptPay Instant Payments in Thailand

“Deutsche Bank AG, Bangkok Branch today announced the launch of PromptPay instant payments in Thailand. As part of the phase one roll-out, the bank will be offering its clients instant collections throughout Thailand. Later in the year, phase two will enable instant payments to be made throughout the country. PromptPay collections for corporates are fast […]
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Global

MasterCard upbeat on devices trend

“Mastercard believes that a trend for electronic payments made via devices such as wearable items is rapidly gaining ground in the Asia-Pacific region, including in Thailand. Benjamin Gillbey, senior vice president, digital payment and labs for Asia Pacific at Mastercard, said that device-based payment, which encompasses payments with a range of devices such as wearables and […]