Thai digital payments surge from pre-coronavirus level

- Advertisement -


BANGKOK, Oct 11 (Businesshala) – Digital payments in Thailand have quadrupled from pre-pandemic levels, the central bank said on Monday, as the longest-running wave of infections in the Southeast Asian country accelerates demand for online services. Is.

- Advertisement -

Thailand’s latest outbreak began in April, accounting for more than 98% of its COVID-19 cases and deaths, prompting strict restrictions in July and August that reduced mobility.

- Advertisement -

The number of daily transactions made through the PromptPay platform currently averages 28 million, which is a “quite a huge jump” from pre-pandemic levels, Assistant Governor Siritida Panomawon na Ayudh told a news conference.

Average daily transactions stood at just 7 million in 2019 and increased to 14.5 million in 2020, data from the central bank showed.

- Advertisement -

As there are new financial services and investments during the pandemic, the financial sector in post-COVID-19 will change to more digital services and faster, Siritida said.

Reporting by Satvaseen Staparnacharchai Writing by Orathai Sriring; Editing by Martin Petty

.

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox