NITMX hires Axway for guidance

NITMX was established in late 2005 to provide businesses, individuals and banks with access to electronic payment services, acting as a switching centre for interbank, business-to-business, business-to-consumer and consumer-to-business payment transactions. 

With the intent to become a centre of business and trade in Southeast Asia, Thailand’s National Logistics Development Plan had to rely on a world-class logistics system. The main objectives of the plan were to enhance trade facilitation and increase cost efficiency, responsiveness to customers, reliability and security. 

To meet these objectives, NITMX needed a solution to manage payment transactions and trade finance between banks and traders via the National Single Window (NSW). 

It selected Axway B2Bi, a component of the Axway 5 Suite, as a comprehensive, packaged solution that integrates businesses with entire B2B communities, including suppliers, customers, financial institutions and regulatory bodies. 

“With Axway’s recognised expertise in governing the flow of data, we were able to build upon existing infrastructure and offer new services to set the stage for growth and development in the future,” said Wanna Noparbhorn, managing director of NITMX. 

“We needed to deploy a platform that would allow us to meet the requirements of the National Single Window, and Axway was able to provide the technology to secure and move payments to stay ahead of industry changes and increase our position and role in the region.” 

Eric Chevrier, Axway executive vice president for sales and operations in growth markets, said: “For large Thai financial institutions whose services are dependent on technical capabilities and the ability to integrate with the NSW Bank Gateway with a secure standardised endpoint, having the right solutions in place is critical. 

“Not only was NITMX able to effectively meet the strict NSW Bank Gateway disaster-recovery requirements, they were able to create a one-point connection from banks to customs.” 

Axway, a market leader in governing the flow of data, is a global software company based in the United States with more than 11,000 public- and private-sector customers in 100 countries. 

Under direction from the Bank of Thailand, NITMX was set up to be the key infrastructure and central data-processing system that exchanges, manages and processes data across member banks and organisations to support e-commerce, electronic fund transfers, and other activities. 

The system supports all kinds of electronic payments and fund transfers from various channels including automated teller machines, counters, and Internet and mobile channels.