Company:Thai QR Payment
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| PromptPay | |
| Formerly | ATM Pool ltd |
| Type | Private |
| Industry | Finance and Payment QR code payment |
| Headquarters | 5/13 Moo 3 Klong Khua Subdistrict Pa Kret District Nonthaburi Thailand 11120 |
Area served | Thailand (officially) ASEAN Nations (unofficial support) |
| Website | www |
Thai QR Payment or PromptPay (พร้อมเพย์) is a real-time payment system in Thailand that allows money transfers through digital channels using identifiers linked to a bank account, including a mobile phone number, citizen identification number, tax identification number or bank account number.[1]
The system was introduced in 2016 as part of Thailand's national e-payment infrastructure and was developed under the National e-Payment Master Plan, a government programme intended to expand digital payment infrastructure and reduce the use of cash in everyday transactions.[1][2][3] It is owned by National ITMX ltd and Bank of Thailand[4] and developed by Vocalink, a group by Mastercard[5]
History
PromptPay (originally AnyID[6]) is one of the National e-Payment projects and policies by Thailand, to regulate and standardize electronic payments to follow the technologies with internet and smartphones that is expanding and bringing technology into Finance and Commerce. By 22 December 2015, The First Prayut cabinet have approved the project as a national infastructure[7]
PromptPay has also been used in cross-border payment linkages with other real-time payment systems in Southeast Asia. In April 2021, the Monetary Authority of Singapore and the Bank of Thailand launched a linkage between Singapore's PayNow and Thailand's PromptPay, allowing customers of participating banks to send money between the two countries using a mobile phone number.[8][9]
In June 2021, the central banks of Thailand and Malaysia launched a cross-border QR payment linkage between PromptPay and Malaysia's DuitNow system.[10]
Services
PromptPay's Services have included[11]
- Encrypted Transactions and Payment between Two Individuals (C2C)
- Government Infrastructure Payment
- Tax Returns
- Individual PromptPay
- e-Wallet
- Thai QR Payment
- Pay Alert
- e-Donation
- Cross Border QR Payment
References
- ↑ 1.0 1.1 "PromptPay". https://www.bot.or.th/en/financial-innovation/digital-finance/digital-payment/promptpay.html.
- ↑ "Payment Systems Roadmap No. 4 (2019–2021)". Bank of Thailand. https://www.bot.or.th/content/dam/bot/documents/en/our-roles/payment-systems/payment-systems-policy/PaymentRoadmap-2021.pdf.
- ↑ "PromptPay : the Game Changer for Payments" (in en). https://www.bot.or.th/Thai/BOTMagazine/Pages/256303_TheKnowledge_PromptPay.aspx.
- ↑ ITMX. "ยินดีต้อนรับสู่ เนชั่นแนล ไอทีเอ็มเอ๊กซ์" (in th). https://www.itmx.co.th/product-and-service/1666542940.
- ↑ "Transforming Thailand to a digital economy" (in en-GB). https://b2b.mastercard.com/stories/thailand-promptpay/.
- ↑ "ดร. อนุชิต อนุชิตานุกูล - สังคมไร้เงินสด National e-Payment" (in en). 2016-10-06. https://www.sarakadee.com/2016/10/06/%e0%b8%ad%e0%b8%99%e0%b8%b8%e0%b8%8a%e0%b8%b4%e0%b8%95-%e0%b8%ad%e0%b8%99%e0%b8%b8%e0%b8%8a%e0%b8%b4%e0%b8%95%e0%b8%b2%e0%b8%99%e0%b8%b8%e0%b8%81%e0%b8%b9%e0%b8%a5/.
- ↑ "National e-Payment - หน้าหลัก". https://www.epayment.go.th/home/app/home.
- ↑ "Singapore and Thailand Launch World's First Linkage of Real-time Payment Systems". Monetary Authority of Singapore. 29 April 2021. https://www.mas.gov.sg/news/media-releases/2021/singapore-and-thailand-launch-worlds-first-linkage-of-real-time-payment-systems.
- ↑ "Thailand, Singapore launch linkage of real-time payment systems". Reuters. 29 April 2021. https://www.reuters.com/world/asia-pacific/thailand-singapore-launch-linkage-real-time-payment-systems-2021-04-29/.
- ↑ "Thailand, Malaysia c.banks launch cross-border QR payment linkage". Reuters. 18 June 2021. https://www.reuters.com/technology/thailand-malaysia-cbanks-launch-cross-border-qr-payment-linkage-2021-06-18/.
- ↑ "PromptPay" (in th). https://www.bot.or.th/th/financial-innovation/digital-finance/digital-payment/promptpay.html.
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