Thailand Post has cooperated with six commercial banks in launching fundamental real-time banking services, which will be piloted in 1,400 post offices across the country this May.
The six commercial banks are Bank of Ayudhya, Thai Military Bank, CIMB Thai Bank, Tisco Bank, Thaicredit Retail Bank and UOB Bank. The service will commence in the beginning of this May to facilitate bank customers in communities far from branches of these banks.
A minimum fee of 10 baht will be charged for each transaction depending on the amount of money and the fee rate of each bank. A maximum fee is 30 baht per transaction.
Meanwhile, cash withdrawal and transfer services are expected to commence around the end of this year.
The Importance of E-Wallets for Online Gaming Sites
With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.
Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures
The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.
BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.(more…)
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