Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Thai Banker’s Association and BoT raise transfer cap

The entire national mobile banking system has fallen short of expectations this year, and bankers are raising the amount allowed in a single transfer to try to cut down on the number of transactions, according to recent report.

The Bank of Thailand and the Thai Bankers’ Association (TBA) have agreed to raise the ceiling on fund transfer amounts to 700,000 baht per transaction via the online channel from the current 50,000 baht, starting Monday, in the latest attempt to prevent a repeat of a recent system outage.

The higher transaction amount for both internet and mobile banking platforms will help lower number of transactions and, in turn, smooth out money transfers, according to the central bank’s deputy governor.

The governor added that the new limitation will help ease traffic of the overall system. With the current maximum amount of 50,000 baht per transaction, those who need to transfer more than the threshold must split transferred money into more than one transaction.

Each bank will later set its own maximum amount for money transfers over PromptPay-based online channels, she said, adding that consumers can also set their own maximum money transfer amount to meet their own needs.

Banks earlier this month agreed to double mobile banking transaction capacity during peak periods by year-end to prevent a future system crash after last month’s technological glitch that delayed millions of transactions.

An arm of the Thai bankers association, aimed to double capacity for banks’ financial transactions and the National Interbank Transaction Management and Exchange Co (ITMX).

The measures came after banks experienced a technological glitch in August 2018. The system crash started at a major Thai banking group’s core switch because of human error on the internal network, disrupting other banks’ system for several hours and forcing ITMX to remove the bank from the central system.

The bank which is the country’s largest mobile banking provider by users had total mobile banking transactions of 5.3 million on the last day of August 2018 which brought the total for the month to 122 million.

Money transfer via digital platform has surged after banks waived fees for cross-zone and interbank money transfers, top-ups and bill payments on the digital channel from late March.

In related news, a major international credit card company with branches in Thailand launched a credit card-based quick response (QR) payment in collaboration with seven card issuers. The innovative payment technology lets holders of these cards link their cards to mobile devices and scan to pay.

Apart from the existing seven card issuers joining with the credit card company to offer QR credit card payment, another five financial institutions are in the pipeline, according to the credit card company’s Thailand country manager, who said so without revealing names.

The cooperation will expand QR credit card spending at small merchants, including street vendors and those in wet markets, stated the country manager adding that now cardholders can scan to pay at some noodle shops.

Digital payments are expected to gradually transform the country into a cashless society. Cash payment account for 72% of the country’s total retail payment volume.

Credit card issuers testing out QR payment in the central bank’s regulatory sandbox have continued to exit.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit