e-Payment System Drive Thailand to Be a Cashless Society

(Pages 87-91)

Somkid Yakean*
School of Business and Communication Arts, University of Phayao,
Phayao, Thailand
DOI: https://doi.org/10.35341/1923-7529.2020.18.10

Abstract:

Thailand has to go for a cashless society because to change ourselves or our-system, it is nature. This article explains how the e-Payment system drives Thailand to be a cashless society. e-Payment system plays a crucial role in driving Thailand to be a cashless society. This system supports the financial transactions for public and private sectors to be more efficient, transparent, safe, and low-cost. It also supports the growth of SMEs, e-commerce, and large businesses. All e-payment system transactions are executed electronically rather than using cash and cheque. The e-Payment system consists of a credit card, ATM card, direct debit, Internet/mobile banking, e-Wallet, PromptPay, and QR code. The PromptPay and QR code are the mainly e-Payment system that drives Thailand to be a cashless society. Finally, Thailand will be a cashless society in which they improve infrastructure and educate people on the benefits and how are merit of the e-Payment system.

Keywords:

Cashless, e-Payment, PromptPay, QR Code, Payment System.


How to Cite:

Somkid Yakean. e-Payment System Drive Thailand to Be a Cashless Society. [ref]: vol.18.2020. available at: https://refpress.org/ref-vol18-a10/


Licensee REF Press
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