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Thai digital payments twice in February as Outbreak Spurs Online Activity

by Reuters employees

Bangkok, May 6 (Reuters) - the digital payments from Thailand, which were more than doubled from a year earlier in February, the Central Bank said on Thursday, as the Coronavirus pandemic penetrates the demand for online services.

Since December, Thailand has been two waves of coronavirus infections with broad restrictions that had tried to contain them.

The latest outbreak has since seen his let of Covid-19 deaths as double since the beginning of April.

The number of transactions created through the Promptpay Platform was 22.3 million a day from 10.6 million a day in the same month in February 2020 in the same month in 2020, said the Bank of Thailand (Bot) .

The highest daily transactions were 27.1 million, said it.

The bot seeks cross-border QR payments (quick response) and cross-border real-time fund transfers with more countries after a recent linking of real-time payment systems with Singapore, Assistant Governor Siritida Panomwon Na Ayudhya told a briefing.

The central bank is in conversations with Malaysia and Indonesia for cross-border QR payments, she said.

Thailand currently has QR payments with Laos, Cambodia, Vietnam, Singapore and Japan, Siritida said. (Reporting Orathai Sriing, Kitipong Thaichareon and Satawasin StapornCharnchai; Editing Martin Petty)

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