Showing 1 - 10 of 22
Nod for QR code payment
Business, Published on 14/11/2017
» The Bank of Thailand has given the green light for the first five banks' quick response (QR) code payment services to exit its sandbox, enabling them to commercially roll out the much-touted system that scans a bar code on smartphones.
BoT embraces Basel III rule
Business, Published on 27/09/2017
» The Bank of Thailand has instructed Thailand's five largest financial institutions to beef up their capital reserves in order to comply with international standards on reserve requirements.
BoT steps in on withholding tax
Business, Published on 26/09/2017
» The Bank of Thailand has coordinated with the Finance Ministry on probing a commercial bank that reportedly helps customers avoid paying the compulsory 15% withholding tax deducted from deposit interest income.
KBank to bring QR to the real world
Business, Published on 16/09/2017
» Kasikornbank (KBank), the country's fourth-largest bank by assets, expects its quick response (QR) code payment service to complete its term in the Bank of Thailand's regulatory sandbox, an arena for startups and financial institutions to experiment with innovation, by the end of this month.
Quick response (QR) code payment system revealed
Terry Fredrickson, Published on 31/08/2017
» By the fourth quarter of this year, consumers will be able to use standardised quick response (QR) code payment on their smartphones to pay for purchases at shops, street vendors and motorcycle taxis.
BoT: QR system unveiled
Business, Published on 31/08/2017
» Consumers will be able to use standardised quick response (QR) code payment on their smartphones to pay for purchases at shops, street vendors and motorcycle taxis starting in the fourth quarter of this year.
Bringing about the end of cash
Business, Published on 28/08/2017
» Imagine a society where cash is no longer the king of payment, but rather an archaic medium of exchange, and electronic transaction is the name of the game. Such imagination is not limited to a Kubrick or a Spielberg film, as digitalisation has turned such futuristic fantasy into reality.
Businesses upbeat in face of inundation
Business, Published on 02/08/2017
» Top business groups are maintaining their economic growth forecast of 3.5-4% this year, assuming that flash floods ravaging some northeastern provinces will result in limited economic damage, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).
BoT slaps limits on personal borrowing
Business, Published on 27/07/2017
» The Bank of Thailand has tightened rules governing credit cards and personal loans to curb overspending and household debt, including a cut in the ceiling interest rate for swiped cards to 18%.
Banking giants endure Q2 net profit decline
Business, Published on 21/07/2017
» Two large banks reported lower net profits for the second quarter as higher loan-loss impairment charges amid rising loan delinquencies took a bite out of their bottom lines.