The PayNow-PromptPay linkage will allow customers of participating banks to transfer funds of up to $1,000 or 25,000 baht (S$1,060) daily across the two countries. - BANGKOKBANK.COM
SINGAPORE (The Straits Times/ANN): The local PayNow system that lets individuals transfer money using just a mobile number will be linked to Thailand's PromptPay version on Thursday (April 29), the Monetary Authority of Singapore (MAS) and Bank of Thailand (BOT) said in a joint statement.
The linkage between the two countries' national fast payment systems is the first of its kind in the world, they said.
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