Promptpay System Launched
The Thai government officially launched the Promptpay system on January 27, 2017 as part of the Thailand 4.0 agenda and to support the National e- Payment strategy. This latest financial innovation is a new, low- fee alternative for financial transactions. Transfers of no more than Baht 5,000 are free of charge. In addition, the new service is expected to reduce cash transactions by 30 percent, saving the country cash management costs of Baht 20 billion per year for the next 10 years.
This program enables fast, convenient, and secure transactions according to international ISO 27001 standards, audited by Bank of Thailand. People can make transactions via ATM, mobile phone, or internet banking by inputting the recipient’s 13- digit national ID number or mobile phone number without having to input a bank account number.
Lawful children ( no cap)
Adopted children ( capped at 3)