Central Banking

Thailand to speed up adoption of e-payment

The Bank of Thailand plans to accelerate the adoption of electronic payment in place of cash and cheque settlement to cut financial costs and ensure efficient and quick services.

Speaking at an annual seminar on "Strategy to Encourage E-payment in Place of Cheque and Cash Settlement," Sawangchit Jaiwat, BOT's Deputy Governor in charge of the Administration Group, said the strategy would be a key to enhancing efficiency of the money settlement in the country.

The cash and cheque settlement had p