Finance Breaking news ACI powers real-time payments in Thailand last financial news
Breaking-Finance.Com - Thailand’s National Interbank Transaction Management and Exchange (ITMX) has implemented ACI Worldwide’s real-time payments technology.
Breaking-Finance.Com - Thailand’s National Interbank Transaction Management and Exchange (ITMX) has implemented ACI Worldwide’s real-time payments technology. Owned by Thailand's largest commercial banks and governed by the country's central bank, National ITMX is responsible for developing and delivering Thailand’s digital payments infrastructure, including card-based, non-card-based and account-to-account payments. ACI's real-time payments technology is now live across all 33 ITMX members, modernising Thailand’s bulk payments processing system and bridging ISO 20022 and the existing ISO 8583 standard.
. The next stage of growth, utilizing the PromptPay real-time payments network and ISO 20022 standards, will come from the merchant retail and business-to-business sectors," says Wanna Noparbhorn, MD, National ITMX. Leslie Choo, SVP - Asia, ACI Worldwide, adds: "ITMX has demonstrated that a rapid shift from paper-based to digital payments is possible through harnessing the possibilities of real time for all ecosystem participants, a model that other countries may look to emulate."
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