Central Banking

BoT should regulate payments, says committee

According to a government committee on electronic transactions, the Bank of Thailand should have the authority to regulate the electronic payment business.

The committee proposes a royal decree containing regulations that would cover money transfers via electronic, Internet and mobile banking platforms to ensure the credibility of the transactions.

The committee was formed to examine new forms of transactions in line with the E-Transactions Act of 2001.

Saowanee Suwannacheep, an adviser to the c

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