9.7m registered for PromptPay

TUESDAY, JULY 12, 2016
9.7m registered for PromptPay

Over 9.7 million individuals have registered for Promptpay, the nationwide money transfer platform, during the first 11 days of this month, according to Bank of Thailand.

Of total, 1.6 million registered for the electronic money-transfer service through their bank accounts and mobile phone numbers. The remaining 8.1 million opt for the service through their identification numbers. 
The service will be kicked off on July 15. It is the first step of the national e-payment scheme that aims for the eventual cashless society.
The registered individuals are able to receive up to Bt100,000 through their mobile phone numbers, ID numbers or bank account numbers.