Govt hopes more people will adopt Prompt Pay e-payment method

Finance Minister Apisak Tantivorawong said the Prompt Pay e-payment system will make money transfers easier and cost effective, as a transfer fee will not be imposed up to a maximum wired transaction amount of 5,000 baht. 

People without a savings account are also able to transfer or receive money electronically the same way bank clients do using Prompt Pay. They have to register at a commercial bank to be eligible to use the e-payment method. Only their identification number is required during the registration process. 

Moreover, the Bank of Thailand has released a statement confirming that the Prompt Pay e-payment system is considered a secure system for its users.