Financial institutions in Thailand have begun mandating facial recognition for customers conducting high-value transactions. The move, aimed at reducing fraudulent activities and scams, is expected to provide extra security for clients.
Deputy Government Spokesperson Traisuree Taisaranakul announced that all commercial and government banks will implement this new security measure. Starting from July, customers transacting 50,000 baht or more via mobile banking, or whose transactions exceed a daily limit of 200,000 baht, will be required to verify their identities via facial recognition systems.
Traisuree explained that this measure is part of broader anti-cybercrime initiatives spearheaded by the Bank of Thailand (BOT) and other relevant agencies.
Commercial banks have already taken steps to combat online fraud, including no longer sending text messages containing web links to their clients. Mobile banking users can verify their biometric enrollment status via banking apps. Those who have yet to enroll may need to contact their bank for a facial scan in order to comply with the new regulation. (NNT)
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.