National E-Payment system to come into operation in 2017

BANGKOK, 27 May 2016 (NNT) – The Ministry of Finance has affirmed that a National E-Payment system will be up and running by January 1 of next year.

Minister of Finance Apisak Tantiworawong has stated that the setting up of a national electronic payment system, designed to reduce the need for cash transactions, has made considerable progress.

The system is now adding an “Any ID” capability that will allow citizens to use either their identification numbers or phone numbers to perform financial transactions without the need for a bank account. The system is to open for registration this July 15 and will begin limited operation in the fourth quarter.

Other crucial steps taking place include the installation of over 100,000 electronic payment machines at government stores by this September, the Revenue Department allowing for tax payments to be done completely digitally by this October and for payments to the state to be made electronic by the end of this year. Overall, the ministry is confident the National E-Payment system will be up and running by January 1 of 2017.

Further information on the system can be found at www.epayment.go.th.


-- NNT 2016-05-27

The usual hash by NNT.

Is this strictly a payment system for transactions with the government? I think the name might be misleading.

The war on cash coming to Thailand too ?

The war on cash is GLOBAL as it is coming from the UN !!!

... if they succeed then WE will lose everything ! [Just in case somebody thinks cashless is a good thing]

It's really a bad, bad terrible world.

But I hope, it will serve my time

You should watch this,,,,

https://www.rt.com/shows/keiser-report/320603-episode-max-keiser-831/

also read up on Denmark, should be a cashless country by 2020, every

transaction will be monitored.

Trying something similar in Indonesia ....

http://www.reuters.com/article/us-indonesia-tax-idUSKCN0YK0TK?il=0

The Junta wants to move from a cash-based system, which makes it hard for them to monitor "things", to a centralized, electronic system which allows them to "scrutinize" potential opponents.

governments hate the cash and 'black' economy, they can't tax/track it.

Will there be a separate e-card for the under the table payments?

The war on cash is GLOBAL as it is coming from the UN !!!

... if they succeed then WE will lose everything ! [Just in case somebody thinks cashless is a good thing]

I'm interested in your reason "why". I for one think cashless is a great thing and welcome better taxation (I said "better" not "more")

Given Thailand's technological backwardness, I really can't see this being a success. In fact, I predict it's going to be a huge waste of money. It would have been far better to wait until other countries have become cashless, and then copy their model, rather than try to pioneer with an army of technical Luddites.

Incidentally, has anyone thought how foreign residents and tourists fall in the scheme of things since, at least according to the blurb above, this is only for Thai citizens?

Will the e-bribes card be linked directly to politician's bank accounts? How will they distribute it?