Thai banks say measures are implemented to protect cardholders against cyber scams
Under the newly adopted anti-cyber theft mechanism, all commercial banks will closely monitor for unusual transactions, including those which involve frequent but small amounts of money, especially in foreign-based transactions
Thailand’s economic growth expected to return to 2019 levels in mid-2023
Although the economy would recover next year, the recovery is still substantially below potential level resulting in a large output loss and could affect Thailand’s potential economic growth in the future with the economy expected to return to 2019 levels in mid-2023.
S&P maintains Thailand’s credit rating at BBB+ with stable outlook
Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.
Thailand’s Monetary Policy remains stable as COVID-19 outbreak is weighing on Thai economy
The Bank of Thailand held the interest rate steady at 0.5% during its scheduled meeting in August. Current risks are pointing to the downside, with the country’s slow inoculation campaign, low tourist arrivals, and raging COVID-19 outbreak weighing on the economy
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.