Payment Systems Policy and Strategic Plan
To promote the safe, efficient and smooth operation is the vital objective in payments system policy of the Bank of Thailand, which supports the high level of trade and financial transactions.
The BOT set up the Payment Systems Committee (PSC) on 27 August 2001 to formulate policies of promoting safety and efficiency in the national payment systems. The PSC has so far approved four roadmaps for the payment systems, which are
Following the COVID-19 pandemic, digital trends have influenced the global financial system, and the financial sector is among those in greatest need of adjustment. The BOT has issued Payment Directional paper on "Directions for Development of Payment Systems under the New Financial Sector Landscape of Thailand" to establish strategic plans for payment systems development in the three years (2022 – 2024), aligning with a policy direction “Repositioning Thailand's Financial Sector for a sustainable digital economy” and aiming that e-Payment is a key engine driving the financial transformation into a digital economy and sustainable development.
"Digital Payments would be the preferred choice among all user groups and would also improve the quality of life, enhance competitiveness and transition Thailand to a ‘less-cash’ society.”
Payment Directional PaperRead more