The Bank of Thailand has permitted banks to launch cross-bank bill payment through the PromptPay service. This system ensures that the fee per transaction made at ATMs and online is lowered. Thailand is also about to introduce credit-card-based QR code payments soon. Customers are allowed to make payment only at banks listed on bills, so companies are required to open accounts at many banks to facilitate customers, which is costly and inefficient. The cross-bank bill payment service lets customers pay bills through PromptPay to any bank with which service providers have an account.
