PromptPay is the real-time interbank payment system in Thailand, which allows banked consumers to transfer money to merchants and others using a telephone number, QR code, Citizen ID, tax ID or a specific bank account.

Launched in January 2017, around half the Thai population (40 million people) were registered in mid-2018. The service has strong government backing.

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Type Bank transfer
Company behind LPM National ITMX Company
Market relevance Medium

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