There are millions of labourers from Indochina, expats and overseas students who need to use international money transfers. These segments could be worth hundreds of billions of baht in transfers each year, Mr Piyachart said. 2C2P received a Bank of Thailand licence for in-out international money transfers for its plan to offer an e-wallet application under its strategic partner. "2C2P will leverage its existing money agent -- already covering 350,000 people in Southeast Asia -- for top-up money and payments to allow users to withdraw money for remittance transfers," Mr Piyachart said. "All banks need to upgrade their payment gateways to support the 3D Secure payment method," Mr Piyachart said.

Source: Bangkok Post May 05, 2019 23:26 UTC