Singapore, Thailand Weigh E-Payment Alliance in Digital Push
- Nations are in early stage talks to connect e-payment systems
- Link between PayNow and PromptPay would be a first for Asean
Singapore, Thailand Explore E-Payment Link
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Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash.
The link would bring together Southeast Asia’s first national digital-payment platforms, Singapore’s PayNow and Thailand’s PromptPay, said Naphongthawat Phothikit, director of payment systems policy at the Bank of Thailand.