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.