webcounter
Thai digital payments surge from pre-coronavirus level | Reuters

Thai digital payments surge from pre-coronavirus level | Reuters

global

GLOBAL 30 Views

People wearing face masks shop for street food in Chinatown amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, January 6, 2021. REUTERS/Athit Perawongmetha

BANGKOK, Oct 11 (Reuters) - Digital payments in Thailand have quadrupled from pre-pandemic levels, the central bank said on Monday, as the Southeast Asian country's longest-running wave of infections accelerates demand for online services.

Thailand's latest outbreak started in April, accounting for more than 98% of its COVID-19 cases and deaths, prompting tougher restrictions in July and August that reduced mobility. read more

The number of daily transactions made via the PromptPay platform currently averaged 28 million, which is "quite a big jump" from pre-pandemic levels, Assistant Governor Siritida Panomwon Na Ayudhya told a news conference.

Average daily transactions were just 7 million in 2019 and rising to 14.5 million in 2020, central bank data showed.

As there are new financial services and investments during the pandemic, the financial sector post-COVID-19 will transform towards more digital services and faster, Siritida added.

Reporting by Satawasin StaporncharnchaiWriting by Orathai Sriring; Editing by Martin Petty

Our Standards: The Thomson Reuters Trust Principles.

Comments