"Digital ID"

Thailand’s top commercial banks will roll out new financial service plans as they embrace the National Digital ID (NDID) scheme, which is expected to be officially launched in the fourth quarter of this year.

The Thai Bankers Association or TBA expects to use digital ID by March this year, the association’s chairman of payment systems, Yos Kimsawate, said recently.

WORRIES OVER PRIVACY AND SECURITY OVERSHADOW PERCEIVED BENEFITS FOR COMMERCE, TRADE AND PROSECUTION 

USE OF BLOCKCHAIN, DIGITAL ID AND E-MONEY WOULD HELP ENSURE THE NEEDY GET THEIR ENTITLED BENEFITS, CONFERENCE HEARS

A NATIONAL digital ID platform is coming soon, and its arrival will allow people online to open bank account, apply for loans and enjoy the services of other businesses and government agencies, says a key developer.

THE government is steering work on a National Digital Identity (Digital ID) project to increase the range of digital transactions and reduce fraud in onlinepayment channels.