Bank of Thailand plans to liberalize ATM usage for ASEAN’s AEC

Automated teller machine (ATM) produced by NCR

Automated teller machine (ATM) produced by NCR (Photo credit: Wikipedia)

Several local press reports the Thai Central Bank, is planning to liberalize the ATM bank card business, ahead of the ASEAN ACE. The Central Bank, according to the Thai press, wants those holding Thai bank ATM to be able to use the ATM, at banks throughout banks in ASEAN. Consequently, the same thing will occur for those holding banks in ASEAN ATM card, to be able to use the cards with Thai bank. However, some press reports the Thai banking industry, considered a monopoly, have together cornered that Thai banks ATM machine usage, not giving access to foreign bank in Thailand, access to the system. One local press puts it bluntly, Thai banks are un-likely to open up the system, to outsiders.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s