According to the bank, the use of chip cards provides more safety assurances than debit or ATM cards and prevents the use of fake cards which might contain data from stolen debit or ATM cards via ATMs.
Since 2016, the Bank of Thailand has cooperated with the Thai Bankers Association and other financial institutions to encourage the use of chip cards instead of debit or ATM cards with magnetic strips, to be on par with international standards.
All debit cards and ATM cards are expected to be replaced by the end of 2019. According to financial institutions, about 47 million chip cards are currently in use, while about 20 million magnetic-striped cards are currently used nationwide.
No service fee is charged.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.