Rising Household Debt- According to Assistant Governor Siritida Panomwon Na Ayudhya, the Bank of Thailand (BoT) is planning to implement new lending standards
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Digital payments have quadrupled from pre-pandemic levels, the Bank of Thailand said on Monday, as the country's longest-running wave of infections accelerates demand for online services.
The BOT is seeking cross-border QR (Quick Response) payments and cross-border real-time fund transfers with more countries after a recent linkage of real-time payment systems with Singapore, Siritida said. ZHAFARAN NASIB/The Star
BANGKOK: Thailand’s digital payments more than doubled in February from a year earlier, the central bank said on May 6, as the coronavirus pandemic pushes up demand for online services.
Thailand has since December experienced two waves of coronavirus infections, with broad restrictions imposed to try to contain them.
Its latest outbreak has seen its Covid-19 fatalities triple and cases more than double since early April.
The number of transactions made via the PromptPay platform averaged 22.3 million per day in February, up from 10.6 million per day in the same month in 2020, the Bank of Thailand (BOT) said.