Monday, March 30, 2020

Telecom, bankers’ associations sign MoU on mobile banking security

May 02. 2017
Facebook Twitter

By The Nation

The Telecommunications Association of Thailand and the Thai Bankers Association on Tuesday signed a memorandum of understanding on ensuring the security of mobile banking services.

According to the MoU, the two associations will facilitate links between mobile-phone service providers and commercial banks for the exchange of relevant information. This will help the banks make sure their clients’ transactions are secure after they register for the PromptPay e-payment service.

PromptPay, the first stage of the government’s national e-payment policy, allows users to transfer money to recipients by using only their national ID numbers or mobile-phone numbers.

Last June, the Bank of Thailand and the National Broadcasting and Telecommunications Commission signed an MoU on jointly regulating mobile banking services.

 

Tags:
Facebook Twitter
More in Business
Editor’s Picks
wmg-logo
Top News
wmg-logo