Post by account_disabled on Dec 24, 2023 0:25:39 GMT -5
ACI Worldwide releases latest study results Indicating that real-time payment transactions in Thailand doubled in 2020 because of the COVID-19 pandemic Accelerating the adoption of digital payments quickly preecha binmanoch 3 years ago IT Digital, 37726-gG7kujY1gOa7GD9ObRjhO5Xz3B9rcIdU Image_2-Copy-296918ff.png ACI Worldwide releases latest study results Indicating that real-time payment transactions in Thailand doubled in 2020 because of the COVID-19 pandemic Accelerating the adoption of digital payments quickly ACI Worldwide and Global Data Released the 2021 “Prime-Time for Real Time” report, which examines and analyzes real-time payments volume, growth and dynamics across 48 target markets around the world. Thailand ranked 4th globally in the number of real-time transactions in 2020, behind India, China and South Korea.
global report from ACI Worldwide (NASDAQ: ACIW) and Phone Number List are being processed. billion transactions in Thailand during 2020, an increase of 104 percent compared to the previous year (2.57 billion transactions), due to the COVID-19 pandemic. This has resulted in a faster and more widespread shift from cash to real-time digital payments. This is the second edition of the 'Prime-Time for Real-Time' report. The first edition, published for the first time in 2020, analyzed real-time account-to-account payment volumes around the world. Including forecasts for 48 target markets around the world, the report forecasts that real-time payments in Thailand will experience a compound annual growth rate (CAGR) of 32.01 percent from 2020 to 2025.
This is much higher than the global growth rate (23.6 percent). Real-time payments in Thailand have seen unprecedented year-on-year growth. This is largely a result of the Bank of Thailand's actions to increase access to financial services. It offers a wide range of financial benefits to citizens through a real-time payment system. The Bank of Thailand launched PromptPay, a real-time payment system in Thailand, in 2016 as part of the National e-Payment project. The aim is to support the disbursement of welfare funds from the government. And in the past The system quickly gained popularity among citizens and businesses.
global report from ACI Worldwide (NASDAQ: ACIW) and Phone Number List are being processed. billion transactions in Thailand during 2020, an increase of 104 percent compared to the previous year (2.57 billion transactions), due to the COVID-19 pandemic. This has resulted in a faster and more widespread shift from cash to real-time digital payments. This is the second edition of the 'Prime-Time for Real-Time' report. The first edition, published for the first time in 2020, analyzed real-time account-to-account payment volumes around the world. Including forecasts for 48 target markets around the world, the report forecasts that real-time payments in Thailand will experience a compound annual growth rate (CAGR) of 32.01 percent from 2020 to 2025.
This is much higher than the global growth rate (23.6 percent). Real-time payments in Thailand have seen unprecedented year-on-year growth. This is largely a result of the Bank of Thailand's actions to increase access to financial services. It offers a wide range of financial benefits to citizens through a real-time payment system. The Bank of Thailand launched PromptPay, a real-time payment system in Thailand, in 2016 as part of the National e-Payment project. The aim is to support the disbursement of welfare funds from the government. And in the past The system quickly gained popularity among citizens and businesses.