Deutsche Bank’s Bangkok branch has launched a new instant payments service PromptPay in Thailand, reports Electronic Payments International.
As part of the phase one roll-out, the bank will offer its clients instant collections throughout Thailand. Later in the year, phase two will enable instant payments to be made throughout the country.
Through combining instant payments with API technology, Deutsche Bank aims to offer new interactive opportunities for its clients. Currently, the bank supports instant payments in nine locations around the world.
In addition, National ITMX Ltd, a national payments service provider in Thailand, operates PromptPay.
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