Thai digital payments surge from pre-coronavirus level

Thai digital payments surge from pre-coronavirus level

Thai digital payments surge from pre-coronavirus level

Information about Thai digital payments surge from pre-coronavirus level

Kevin David


BANGKOK (Reuters) – Digital payments in Thailand have quadrupled from pre-pandemic levels, the central bank said on Monday, as the Southeast Asian country’s longest-running wave of infections accelerates demand for online services.
Thailand’s latest outbreak started in April, accounting for more than 98% of its COVID-19 cases and deaths, prompting tougher restrictions in July and August that reduced mobility.
The number of daily transactions made via the PromptPay platform currently averaged 28 million, which is “quite a big jump” from pre-pandemic levels, Assistant Governor Siritida Panomwon Na Ayudhya told a news conference.
Average daily transactions were just 7 million in 2019 and rising to 14.5 million in 2020, central bank data showed.
As there are new financial services and investments during the pandemic, the financial sector post-COVID-19 will transform towards …

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