Thailand, Singapore launch linkage of real-time payment systems


Image from The Straits Times/ANN

BANGKOK, April 29 (Xinhua): The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) on Thursday launched a linkage of Thailand's PromptPay and Singapore's PayNow real-time retail payment systems.

Calling it "the first of its kind globally," a joint statement by the two sides said the linkage came following several years of collaboration between the BOT and MAS, both countries' payment system operators, bankers' associations and banks.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Laos, Japan reaffirm close ties during courtesy visit to Crown Prince Akishino
Zetrix AI, Shenzhen data exchange plan to develop Asean-China data trading platform
PM Anwar holds phone call with Tamil Nadu chief minister Vijay
Mandopop singer Jay Chou purchases painting by French artist for RM79mil
China signals it will relax household registration restrictions
Why China rare earth breakthrough in icy northeast could cement global dominance
Bird is the word: Cambodia's Lomphat Wildlife Sanctuary now home to 308 species
Psychological pressure proves costly for independent duo Goh-Shevon
Debt collector pleads guilty to sexual assault, wrongful confinement and robbery
Singapore-China ties based on mutual benefit, with opportunities in AI, ageing: SM Lee

Others Also Read