Prompt Pay

PromptPay is a popular Thai payment system that enables users to make instant bank transfers using just a phone number or ID number. It is part of Thailand’s national e-payment platform, providing a secure and simple way for individuals and businesses to send and receive payments quickly and efficiently.

Prompt Pay: Summary

PromptPay is an electronic payment service in Thailand that allows users to make real-time, secure transfers using their mobile number or national ID. It facilitates quick and easy payments without the need for bank account details, and is widely used for personal and business transactions across the country.

What is Prompt Pay?

PromptPay is an electronic payment service introduced by the Bank of Thailand that enables instant bank transfers using a mobile number or ID number instead of traditional bank account details. It is a secure and easy-to-use platform for sending money quickly and conveniently within Thailand.

Prompt Pay Costs

PromptPay transactions are generally free for most users. There are no fees for making transfers within Thailand, making it an affordable payment method. However, some service providers or specific types of transactions may incur charges, and it’s best to check the terms before initiating payments.

Transaction speed for Prompt Pay

Transactions made through PromptPay are processed instantly. Money sent from one user to another is transferred in real-time, making it an ideal solution for fast payments and transfers within Thailand.

Prompt Pay: How to do it?

To use PromptPay, you need to register your mobile number or national ID with a participating Thai bank. Once registered, you can start sending money to anyone with their mobile number or ID, using your bank’s mobile app or an official PromptPay platform. Transactions are completed in real-time after approval.

Which are the main countries where Prompt Pay is used?

PromptPay is exclusively available in Thailand, where it is widely used by individuals, businesses, and government entities for various payment purposes. It is a domestic payment system and is not available for use internationally.

Can you withdraw with Prompt Pay?

Yes, you can withdraw funds from your PromptPay account to your linked bank account. Transfers between PromptPay and participating Thai bank accounts are seamless and completed quickly, making it easy to access your funds when needed.

Reputation of Prompt Pay

PromptPay has a strong reputation within Thailand for its convenience, security, and efficiency. It is trusted by millions of users for personal and business transactions. However, its use is limited to Thai residents with a Thai bank account, and its availability outside of Thailand is restricted.

Prompt Pay FAQ

Here are some frequently asked questions about PromptPay:

• Is PromptPay secure? Yes, PromptPay uses robust security measures, including encryption and authentication, to protect transactions and user data.
• Are there any fees for using PromptPay? Most transactions are free of charge, but some service providers may charge fees for specific services or transfers.
• Can I use PromptPay internationally? No, PromptPay is a domestic service limited to Thailand and is not available for international transfers or use.