PromptPay C2C transfer imminent

Bank consortiums to bid for provision

Launch of PromptPay I last August 9 at Government House by Prime Minister Prayut Chan-o-cha and Finance Minister Apisak Tantivorawong flopped when actual experts discovered security and communication flaws in the system. PromptPay II is to launch Friday. (File photo by Thanarak Khunton)

PromptPay's consumer-to-consumer (C2C) electronic fund transfer service under the national e-payment scheme will kick off on Friday, after being pushed back days before its first big scheduled launch in October of last year.

The C2C service is in the final stage of test runs. Test runs on big money transfers and other transactions have gone smoothly, as did the security test, a source who is familiar to the matter said.

The rollover of PromptPay's C2C service was extended from the initial plans at the end of October last year mainly due to a "technical glitch", as well as further testing to ensure security. The problem largely stemmed from differences in the systems between local banks and the UK-based payment infrastructure operator VocaLink, the company hired to develop PromptPay.

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