Singapore, Thailand link real-time payment rails for faster, cheaper cross-border transfers.
THE Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) on Thursday announced the linkage of both countries’ real-time retail payment rails to facilitate faster and cheaper cross-border transfers. The linkage of Singapore’s PayNow and Thailand’s PromptPay is the first instant cross-border payments infrastructure to be established globally, tackling key pain points such …