PromptPay linked to Singapore’s PayNow
Ensures seamless digital flow of funds
The Bank of Thailand (BoT) and the Monetary Authority of Singapore (MAS) have embarked on a digital payment linkage between the two countries via the PromptPay and PayNow systems.
The Thai central bank and the central bank and financial regulatory authority of Singapore on Thursday unveiled the linkage of Thailand’s PromptPay and Singapore’s PayNow real-time retail payment systems. The linkage, which is the first of its kind in the world, is the culmination of several years of extensive collaboration between BoT and MAS and payment system operators, bankers’ associations, and participating banks in both countries.
The central bank said in a statement that…
