PromptPay

#Instant Payment

PromptPay, is a digital payment service offered by Bangkok Bank, one of the largest commercial banks in Thailand. PromptPay allows Bangkok Bank customers to conveniently, securely, and instantly transfer […]

Certified payment providers 3
Market coverage 1
  • Thailand
Currencies 1
  • Thailand Baht
Description

PromptPay, is a digital payment service offered by Bangkok Bank, one of the largest commercial banks in Thailand. PromptPay allows Bangkok Bank customers to conveniently, securely, and instantly transfer money using their mobile phone number or Thai national identification number.

Here are some key features of PromptPay:

– PromptPay enables users to make money transfers using the mobile phone numbers or Thai national ID numbers of the recipients. This facilitates transactions between individuals, merchants, and businesses.
– Money transfers via PromptPay are nearly instant, allowing users to send and receive funds quickly and efficiently.
– PromptPay is an interbank service, meaning it can be used to transfer money between different banks participating in the PromptPay network in Thailand.
– The PromptPay service employs robust security measures to protect users’ financial information. Transactions are authenticated using PIN codes, passwords, or other security methods to ensure data confidentiality.
– In addition to money transfers, PromptPay can be used to make payments at stores, restaurants, e-commerce websites, and other businesses that accept this payment method. It is also possible to receive payments using PromptPay.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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