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Monday, May 6, 2024

Thailand a global leader in real-time payments

Thailand was No.3 globally for real-time payment transactions last year, behind only India and China, driven by the government’s support for modern infrastructure, says ACI Worldwide, a real-time payments software provider.

The ranking was revealed in the “Prime-Time for Real Time 2022” report, published by ACI Worldwide in partnership with data analytics firm GlobalData and the Centre for Economics and Business Research (CEBR).

Thailand registered 9.7 billion real-time transactions in 2021, trailing India with 48.5 billion and China with 18.5 billion.

Brazil was fourth with 8.7 billion transactions and South Korea was fifth with 7.4 billion.

The report indicated real-time payments helped to facilitate 2.08% of additional Thai GDP in 2021, the second-largest forecast GDP increase out of 30 countries covered in the report.

The adoption of real-time payments…

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