"e-payment"

Thailand recorded 9.7 billion real-time electronic payment transactions last year, putting it in the third position globally after India (48.6 billion times) and China (18.5 billion times).

With the surge in the use of electronic payment facilities during the ongoing enhanced community quarantine period, the central bank is confident of meeting its goal of having 50 percent of payment transactions shift from cash or checks to digital payments by 2023.

The Commerce Ministry hosted its e-Payment Showcase at the Office of the Permanent Secretary in Nonthaburi on Monday.

Vietnam’s interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion dong ($896.2 billion, Bt28.5 trillion) in the first quarter of the year, up 23 per cent and 17.8 per cent respectively over last year, according to the State Bank of Vietnam (SBV).

Visa, the world’s leader in digital payments, is now processing debit transactions in Thailand.

About 7,000 state agencies nationwide are expected to use e-Payment through electronic data capture (EDC), instead of checques and cash, for financial transactions this June in order to lessen opportunities for corruption and increase safety, according to the Comptroller’s General Department (CGD).

UnionPay International (UPI) will unveil its low-cost and easy-to-implement e-payment technology at the Bangkok FinTech Fair taking place today and tomorrow (March 19-20).

The Thai Chamber of Commerce (TCC) has joined forces with Kasikornbank (KBank) to promote privileges of TCC members nationwide through its “upgrade of provincial quality product certification project via e-payment” programme.

FinNet Innovation Network, a subsidiary of the Stock Exchange of Thailand (SET), on Monday rolled out the infrastructure aimed at enhancing the efficiency of the capital market’s payment process, in line with the government’s National e-Payment Roadmap.

Siam Commercial Bank (SCB) has made another move to drive towards a cashless society in Thailand with e-payment, as the bank joins e-payment provider Alipay to develop an e-payment system supporting Alipay’s QR code payment.

CHINA’S biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive said.