People withdraw cash at ATMs. Banks recently made plans to charge for cardless ATM withdrawals, but the plans were postponed based on strong opposition from consumers. (Photo: Nutthawat Wicheanbut)
As digital payments increase, the Bank of Thailand is focusing on cash users by adjusting banks’ fee structures.
The adjustment is part of central bank efforts to promote digital payments and move towards a less cash-reliant society. The regulator is paying greater attention to some consumer segments that do not use digital payments.
According to Bank of Thailand governor Sethaput Suthiwartnarueput, the central bank is in discussions with banks regarding the adjustment of fee structures, covering fees charged by banks to customers…
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