Central Banking

Thailand encourages e-payment

The Bank of Thailand plans to reduce cash payments and cheque payments by promoting e-payment with consumers and the public and private sectors.

Under the Payment Systems Roadmap 2010, e-payments will double from the current one billion transactions a year, according to Sayan Pariwat, senior director of the information technology group of the central bank.

The use of e-payments is now just 10.9 transactions per person, much lower than in developed countries.

International Transaction Manageme