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Monday, May 6, 2024

Bankers allay app concerns

A customer uses a mobile banking app for a facial scan. The TBA confirmed mobile banking users wanting to transfer 50,000 baht or more per transaction or 200,000 baht per day need to identify themselves via a facial scan as part of central bank measures.

The Thai Bankers’ Association (TBA) has confirmed the security and stability of banks’ mobile banking applications.

For transfers starting from 50,000 baht per transaction, up to 200,000 baht per day, users must still verify their identity by scanning their faces for each transaction.

The confirmation came after news on Wednesday of the arrest of a programmer who sold…

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