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THAILAND

PromptPay for consumers likely to be delayed

Somruedi Banchongduang, Published on 06/10/2016

» Consumers are unlikely to be able to transfer money among themselves using the government's PromptPay service by the Oct 31 deadline due to "technical problems", according to bankers.

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THAILAND

Chip bank cards the rule in 2019

Business, Somruedi Banchongduang, Published on 05/05/2016

» Some 60 million magnetic-stripe ATM and debit cards issued by local commercial banks and circulating in the market will be upgraded to chip-embedded cards by the end of 2019, says a senior central bank official.

THAILAND

KTB denies seeking pardons for execs

News, Somruedi Banchongduang, Published on 28/08/2015

» Krungthai Bank (KTB) has denied reports it is preparing to seek royal pardons for 10 of its former executives and two current employees convicted of being involved in approving more than 9.9 billion baht of unsecured loans.