Bangkok--18 Sep--Ascend Group
Aiming to expand access to Thailand's national e-payment system in line with Bank of Thailand policy, Siam Commercial Bank in cooperative with e-payment provider True Money Co. to offer a new feature called "PromptPay Topup" to TrueMoney customers. This feature will ensure that more members of the public enjoy easy, convenient access to financial services via PromptPay, which has until now only been available via a bank account. In addition, SCB will serve the more than three million TrueMoney customers by letting them top up e-Wallet PromptPay through the Bank's three major channels, namely SCB Easy App, SCB Easy Net and ATMs, all available 24 hours a day.
Mrs. Pimolpa Santichok, senior executive vice president and head of SCB's Commercial Banking Solutions, said, "The Bank of Thailand today announced the launch of 'PromptPay Topup' a new feature that enhances the government's PromptPay project so as to give everyone access to an electronic payment system that is convenient and secure. SCB recognizes the importance of this need and has therefore joined hands with TrueMoney Co., Ltd, a major e-payment service provider in Thailand, to offer PromptPay Topup starting from today onwards. This collaboration will help make the cashless society a reality for people from all walks of life, especially those without bank accounts. Now PromptPay can be easily accessed not only via Thai banks but also using this new e-Wallet service, which helps serve users who rely on TrueMoney for various purposes. The new service will simplify the money transfer process involving e-Wallet IDs. Since a Bank of Thailand regulation requires that PromptPay be linked to the central clearing system used by Thai banks, SCB's role is to provide this link on behalf of TrueMoney, which is not a bank. SCB's support will thus let TrueMoney offer PromptPay to its more than three million active customers, expanding access to the national system.
Mr.Tanyapong Thamavaranukupt, president of Ascend Money Co., Ltd., said, "TrueMoney PromptPay is a major advancement for financial transaction services. TrueMoney's e-Wallet users will be able to transfer, pay or receive money via PromptPay bank accounts from September 15 onwards. Collaboration with major Thai banks such as SCB will expand the PromptPay project from the banking sector to e-payment service providers, in line with the strategic plan to develop infrastructure for the national e-payment platform. TrueMoney customers can transfer or pay money to their PromptPay accounts registered with their 13-digit national ID number or mobile phone number, while SCB customers can top-up their TrueMoney PromptPay using the 15-digit e-Wallet ID. TrueMoney PromptPay is available for any Thai, including anyone who lacks a bank account, and TrueMoney customers will now have better access to an incoming and outgoing payment channel with the same security and speed as that offered by financial institutions.
In addition to providing the necessary link to the banking system, SCB will enable TrueMoney customers to conveniently top up their PromptPay e-Wallets 24 hours a day via SCB Easy Net (internet banking), SCB Easy App (mobile banking) and more than 10,000 ATMs nationwide. The top-up limit for SCB Easy App, SCB Easy Net and ATMs is set at 7,500 baht per time. No surcharge for any transfer below 5,000 baht. TrueMoney customers seeking to transfer money to PromptPay accounts can now apply for TrueMoney PromptPay directly from the TrueMoney Wallet application. They will be able to perform transactions to any PromptPay bank account at up to 7,500 baht each time with no minimum amount, and completely free of charge.