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Singapore, Thailand weigh e-payment link

Talks on connecting PayNow and PromptPay are at a preliminary stage, says a Bank of Thailand director

Published Thu, Oct 5, 2017 · 09:50 PM
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Singapore

SINGAPORE and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash.

The link would bring together South-east Asia's first national digital-payment platforms, Singapore's PayNow and Thailand's PromptPay, said Naphongthawat Phothikit, director of payment systems policy at the Bank of Thailand.

"The Monetary Authority of Singapore and the Bank of Thailand are exploring the possibility" of a link between the two networks, Mr Naphongthawat said in an interview in Bangkok. Discussions are at a preliminary st…

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