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Open Banking Regulatory Framework in Thailand has Not Yet Been Fully Launched, but Digital Tech Adoption Remains Steady
March 7, 2021 @ 6:10 pm By Omar Faridi
There are no extensive regulations yet on Open Banking in Thailand, however, the government’s digital transformation strategy (and the
Thailand 4.0 strategy) along with the introduction of the Personal Data Protection Act (PDPA) in 2020 indicate that the country may soon offer an Open Banking framework.
When compared to other Southeast Asian countries like Malaysia and Singapore, Thailand is still far behind when it comes to developing an Open Banking regulatory framework. The reserve bank of Thailand and other regulatory agencies have not yet provided detailed guidelines for financial data-sharing between different service providers.
Tourism fee to help insure foreigners visiting Thailand
288
published : 15 Jan 2021 at 05:00 Phiphat: Sector needs to recover
The National Tourism Policy Committee has approved the proposed guidelines for the collection of a 300-baht tourism fee from each international visitor for the management of local tourist destinations.
The money will also be used to provide insurance benefits to international tourists visiting the country.
Tourism and Sports Minister Phiphat Ratchakitprakarn said each foreign visitor will be charged US$10 (300 baht) per visit. The details of the fee collection will be announced in the Royal Gazette once the policy has taken effect.
According to Mr Phiphat, Thailand expects to receive some 10 million visitors this year.
Tourism fee to help insure foreigners visiting Thailand
288
published : 15 Jan 2021 at 05:00 Phiphat: Sector needs to recover
The National Tourism Policy Committee has approved the proposed guidelines for the collection of a 300-baht tourism fee from each international visitor for the management of local tourist destinations.
The money will also be used to provide insurance benefits to international tourists visiting the country.
Tourism and Sports Minister Phiphat Ratchakitprakarn said each foreign visitor will be charged US$10 (300 baht) per visit. The details of the fee collection will be announced in the Royal Gazette once the policy has taken effect.
According to Mr Phiphat, Thailand expects to receive some 10 million visitors this year.