Post by account_disabled on Dec 24, 2023 5:26:49 GMT
As millions of people around the world have had to adjust their work and lifestyles, Including purchasing products/services and payment Therefore, new technologies are expanding rapidly. Mobile wallet adoption in Thailand increased to a record 83.9 percent during 2020, compared to 72.6 percent in 2019. The pandemic situation has resulted in changes in consumer behavior and business practices, forcing banks, merchants, and intermediaries in the Thai payments ecosystem to respond quickly to the changing situation. by shifting to a digital system to maintain current revenue streams as well as looking for new channels through providing customer service through a fully digital system. Jeremy Wilmot, Chief Product Officer, ACI Worldwide, commented: “
The pandemic situation reinforces the. including a Phone Number List strong payment infrastructure This is a condensation of expected innovation deployment over a 10-year period into just one year. and cause permanent changes in human behavior Even after the crisis has ayment system helps the government to expedite the disbursement of relief funds and economic stimulus funds to the people more quickly. By relying on cooperation from financial institutions It also supports adding real-time liquidity to businesses that need to adapt to cope with supply chain disruptions.” “Real-time payments are still in their infancy across the world,”
said Samuel Murrant, Chief Analyst for Global Data's Payment Systems Division. And by and large Many countries have focused on peer-to-peer (P2P) payments, however, the pandemic has created an opportunity for this form of payment to expand at a faster rate. As consumers become accustomed to the immediacy of real-time P2P payments, they will turn to real-time payments for their e-commerce transactions. Instead of using online payment cards, which are more cumbersome and time-consuming, consumers will increasingly embrace brands that use real-time payments. and has a user base large enough to create worthwhile returns
The pandemic situation reinforces the. including a Phone Number List strong payment infrastructure This is a condensation of expected innovation deployment over a 10-year period into just one year. and cause permanent changes in human behavior Even after the crisis has ayment system helps the government to expedite the disbursement of relief funds and economic stimulus funds to the people more quickly. By relying on cooperation from financial institutions It also supports adding real-time liquidity to businesses that need to adapt to cope with supply chain disruptions.” “Real-time payments are still in their infancy across the world,”
said Samuel Murrant, Chief Analyst for Global Data's Payment Systems Division. And by and large Many countries have focused on peer-to-peer (P2P) payments, however, the pandemic has created an opportunity for this form of payment to expand at a faster rate. As consumers become accustomed to the immediacy of real-time P2P payments, they will turn to real-time payments for their e-commerce transactions. Instead of using online payment cards, which are more cumbersome and time-consuming, consumers will increasingly embrace brands that use real-time payments. and has a user base large enough to create worthwhile returns