Background and Visions
Background and Visions
Background
The 3rd Payment System Strategic Plan (2012-2016) and the 4th Payment System Strategic Plan (2019-2021), issued by the Bank of Thailand (BOT), emphasize the importance of developing Thailand’s payment system, aligning with the previous Payment System Strategic Plan and the National e-Payment Master Plan. The strategic initiative has been propelled through collaboration with relevant organizations, especially the Thai Bankers’ Association (TBA), the Association of International Bank (AIB), the Government Financial Institutions Association (GFA), Thailand E-Payment Trade Association (TEPA), as well as the government and the business sector. The collaborative efforts of these have played a pivotal role in effectively achieving the outlined objectives.
The Payment System Office (PSO) of the Thai Bankers’ Association was established following the resolution of the Payment System Committee and National e-Payment Strategic Committee in 2014. The office is tasked with driving operations in accordance with the Payment System Roadmap and monitoring industry and technological trends.
Visions
Promoting and advocating the advancement of the payment system in alignment with the Payment System Strategic Plan, as well as consistently enhancing banking payment services via digital platforms or Digital Payment, prioritizing security, and adhering to global standards. It is evident that the Payment System Office has been consistently cooperating with the member banks and the government sector.
Roles and Responsibilities
- Facilitating the operations according to the Payment System Plan and the National e-Payment Master Plan
- Outlining the Payment System Plan through tracking technological trends and supporting research on regulations crucial for an analysis of the diverse factors within the payment system
- Coordinating with the partners within the payment system to mitigate conflicts and obstacles in the advancement of the payment system.
- Enhancing the entrusted Payment System Office and cultivating a motivating environment for all personnel, encouraging their contribution to the development of the National Payment System as a long-term lead nation in the ASEAN region
Background
The 3rd Payment System Strategic Plan (2012-2016) and the 4th Payment System Strategic Plan (2019-2021), issued by the Bank of Thailand (BOT), emphasize the importance of developing Thailand’s payment system, aligning with the previous Payment System Strategic Plan and the National e-Payment Master Plan. The strategic initiative has been propelled through collaboration with relevant organizations, especially the Thai Bankers’ Association (TBA), the Association of International Bank (AIB), the Government Financial Institutions Association (GFA), Thailand E-Payment Trade Association (TEPA), as well as the government and the business sector. The collaborative efforts of these have played a pivotal role in effectively achieving the outlined objectives.
The Payment System Office (PSO) of the Thai Bankers’ Association was established following the resolution of the Payment System Committee and National e-Payment Strategic Committee in 2014. The office is tasked with driving operations in accordance with the Payment System Roadmap and monitoring industry and technological trends.
Visions
Promoting and advocating the advancement of the payment system in alignment with the Payment System Strategic Plan, as well as consistently enhancing banking payment services via digital platforms or Digital Payment, prioritizing security, and adhering to global standards. It is evident that the Payment System Office has been consistently cooperating with the member banks and the government sector.
Roles and Responsibilities
- Facilitating the operations according to the Payment System Plan and the National e-Payment Master Plan
- Outlining the Payment System Plan through tracking technological trends and supporting research on regulations crucial for an analysis of the diverse factors within the payment system
- Coordinating with the partners within the payment system to mitigate conflicts and obstacles in the advancement of the payment system.
- Enhancing the entrusted Payment System Office and cultivating a motivating environment for all personnel, encouraging their contribution to the development of the National Payment System as a long-term lead nation in the ASEAN region