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Bangkok Post
Bangkok Post
Business

BoT to improve payment system standard

A mobile phone user scans a QR code while using the government's Khon La Khrueng co-payment scheme. (Photo: Chakkrapan Natanri)

The Bank of Thailand plans to upgrade the country's payment system standard to stabilise financial services and prevent digital banking glitches.

The central bank expects to implement the upgraded standard for payment systems in the fourth quarter of this year, said Siritida Panomwan Na Ayudhya, the central bank's assistant governor for payment systems policy and financial technology group.

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