Technological innovation plays a crucial role in the continuous development of Thailand’s financial sector. Technological innovations are applied to support financial services and further develop financial innovations, benefiting both consumers and financial service providers. Consumers can access a diverse range of financial services that meet their needs through convenient, fast, and secure channels. Financial service providers can improve their business processes for greater efficiency, which helps enhance service effectiveness, reduce operational costs, and create competitive advantages, allowing them to set fair and appropriate service fees.

However, applying technology to support financial services or developing the financial innovations may introduce new forms of risks that could impact the stability of payment systems and the overall financial stability of the country. Therefore, it is necessary to assess and monitor these risks and establish appropriate policy or regulatory guidelines concurrently.