Thailand Central Bank Deputy Governor Warns Payment Safety Lags Growth
Photo: TokenPost
Bank of Thailand Deputy Governor Daranee Saeju warned that fraud safeguards have not kept pace with digital payments, pointing to PromptPay’s scale and estimated global fraud and scam losses of $579 billion. “Protection has not kept pace with innovation,” Saeju said at a World Economic Forum event during the International Monetary Fund (IMF)-World Bank Group Annual Meetings in Bangkok on Oct. 15. She warned of fraud risks tied to fast, interconnected digital payments. More than 80 million transactions pass through PromptPay daily, with monthly value approaching 5 trillion baht.
Source: TokenPost
