Thailand, Singapore launch world's first linkage of real-time payment system


BANGKOK (Bernama) - The Bank of Thailand (BoT) and the Monetary Authority of Singapore (MAS) today launched the linkage of Thailand’s PromptPay and Singapore’s PayNow real-time retail payment systems.

In a joint statement, the BoT and MAS said the linkage, the first of its kind globally, will enable customers of participating banks in Thailand and Singapore to transfer funds of up to S$1,000 or 25,000 baht daily across the two countries, using just a mobile number.

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Bank of Thailand , MAS , PromptPay , PayNow

   

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