Singapore-Thailand pact lets users send money cross-border v

Singapore-Thailand pact lets users send money cross-border via mobile number


Singapore-Thailand pact lets users send money cross-border via mobile number
ZDNet
6 hrs ago
© Provided by ZDNet
Singapore and Thailand have inked a bilateral agreement that enables users in both nations to transfer funds using the recipient's mobile number. The pact taps the respective country's peer-to-peer payment systems and is part of a regional payment initiative to ease cross-border payments. 
The new partnership helped establish connectivity between Singapore's PayNow and Thailand's PromptPay platforms, to enable fund transfers of up to SG$1,000 ($753.4) or THB25,000 ($793.96) using mobile numbers. Touted as the first of its kind globally, the deal was the result of "years of extensive collaboration" between the two countries' central banks, according to a joint statement released by the Monetary Authority of Singapore (MAS) and Bank of Thailand (BOT).

Related Keywords

Vietnam , Republic Of , Laos , Japan , Thailand , Singapore , Cambodia , Lao , Sethaput Suthiwartnarueput , Ravi Menon , Monetary Authority Of Singapore , Monetary Authority , Asean Payment Connectivity , வியட்நாம் , குடியரசு ஆஃப் , லாவோஸ் , ஜப்பான் , தாய்லாந்து , சிங்கப்பூர் , கம்போடியா , லாவோ , ரவி மேனன் , பண அதிகாரம் ஆஃப் சிங்கப்பூர் , பண அதிகாரம் , யாசீன் கட்டணம் இணைப்பு ,

© 2025 Vimarsana