"cashless"

The Bank of Thailand (BOT) has come out with a consultation paper to guide the country into the digital world.

HÀ NỘI — Việt Nam will continue to implement new technologies and policies in its bid to become a cashless country, said banking experts and policymakers in a conference on Friday discussing the current situation of cashless technology in the country.

Nearly half of all Thai consumers – 45 per cent – are likely to avoid using money after the Covid-19 pandemic ends, Visas Consumer Payment Attitudes study showed on Wednesday.

Real-time payments surged 104 per cent to more than 5.24 billion in 2020 as cash use in Thailand plummeted during the Covid-19 crisis last year, new research shows.

More than four in five Thais (82 per cent) have tried going cashless, on average succeeding at living for more than a week (8 days) without using cash, the Visa Consumer Payment Attitudes study showed on Wednesday.

As of October 9, as many as 10 million people had registered for the government’s Bt10-trillion “Eat, Shop, Spend” campaign since it was launched on September 23. Under the project, registrants are given a Bt1,000 coupon to spend. Though the project is seen as a populist policy, there are many sectors that will benefit from the campaign, with IT experts seeing this as a first step towards turning Thailand into a cashless society.

THAI consumers say they are among the most ready in the world to embrace a cash-free future, whereas in Japan and other markets surveyed, consumers are taking more of a wait-and-see approach, even while recognising the appeal of select solutions. 

The Ministry of Digital Economy and Society is drawing up a road map towards creating a “paperless and cashless society” in line with government policy.

Line is fully integrating its digital payment options by revamping its chat app to support Thailand’s move towards a “cashless society”. The “More” tab in Line will be re-named “Wallet” and will include Rabbit Line Pay features and services.

SINGAPORE - Cost of adopting e-payments among reasons cash is still preferred by many smaller firms

In response to the government's national e-payment strategic plan, Siam Commercial Bank (SCB) says it helping to promote the rise of a cashless society in Thailand by developing smartphone-based payment system with QR code technology.

ALL BUS and train commuters in Singapore will have to pay their fares with travel cards by 2020, as part of the country’s “Smart Nation” drive.