Bangkok--15 Jun--KASIKORNBANK
Mrs. Tong-Urai Limpiti, 11th left, Bank of Thailand's Deputy Governor for Financial Institutions Stability and Mr. Predee Daochai, 12th left, Chairman of the Thai Bankers' Association, along with executives of commercial banks and specialized financial institutions, held a press conference on a collaboration to develop PromptPay. With this new money transfer service, transferees simply need to link their national ID or mobile phone numbers to their accounts for successful transactions, saving transferors the hassle of remembering transferees' account details. All parties confirmed their readiness for the official launch of public registration nationwide from July 15, 2016 onwards, believing that the new service will facilitate the public, reducing cash usage in Thailand and benefit the Thai overall economy in the long-run. The press conference took place today (June 15, 2016) at the Bank of Thailand.