QR code service payment approved for three more banks

BANGKOK, Dec 13 (TNA) – The Bank of Thailand (BoT) approved three more banks - Bank of Ayudhya, TMB bank and Thanachart Bank to operate the E-payment service through Quick response (QR) codes. BoT Assistant Governor, Siritida Panomwon Na Ayudhya said the three banks met the BoT’s criteria to provide PromptPay-based QR code payment services to the public after they completed the test of their QR code payment system in the regulatory sandbox. It is the same criteria, adopted for the earlier test of the first batch of five banks. The test also includes system’s capability in security risk management, she said. The BoT last month approved the first batch of five banks-Kasikorn Bank, Siam Commercial Bank, Krungthai Bank, Bangkok Bank and Government Savings Bank (GSB) to operate their E-payment QR code service. The QR code payment is one of the BoT’s plans to promote a cashless society and digital payment by facilitate people to pay for goods and service in fresh markets, restaurants or department stores via smartphones. (TNA)