Electronic Transactions Commission - Royal Decree Regulating Electronic Payment Service Business, 2008

Business operators providing electronic payment and banking transaction services ("E-Payment Service Providers") have rapidly increased in number in Thailand without any efficient supervisory mechanism. There is a growing concern that incidents such as fraud and theft are damaging the public's confidence in the system, possibly affecting the credibility and acceptance of electronic payments and future financial and commercial growth in Thailand. The Electronic Transactions Commission therefore proposed the cabinet enact a Royal Decree on Supervision of E-Payment Service Providers B.E. The objective of this decree is to increase credibility and acceptance of electronic data system, to protect public interests, and enhance e-Payment usage. E-Payment service providers under this decree are categorized into three groups which are required to notify their services.

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Wednesday, January 14, 2009
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Electronic Transactions Commission of Thailand

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