, Singapore

Singapore, Thailand mull e-payments alliance

They could combine their national payments systems.

Bloomberg reports Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash.

The alliance could bring together the countries’ national payments systems, Singapore’s PayNow and Thailand’s PromptPay, according to Bank of Thailand director of payment systems policy Naphongthawat Phothikit.

Read the full report here.

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