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Bangkok Post

Business

Banks hesitate in rush to cashless era

KTB Krungthai Bank TBA the Bank of Thailand

Krungthai Bank initially announced a planned 10-baht fee per transaction for cardless ATM withdrawals starting from May. (Photo: Pornprom Satrabhaya)

The banking industry's push to discourage the use of cash led some to believe it was a good idea to charge fees for cash transactions and suspend cardless money withdrawals at ATMs.

The Bank of Thailand and local banks have been promoting digital payments in their efforts to shift towards a cashless society, with digital banking adoption posting growth.

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