speech at the press conference : collaboration on adopting standardized qr code for e - payment dr. veerathai santiprabhob, governor wednesday 30 august 2017 bank of thailand … … … … … … … … … … … … … … … … … … … … … executives from american express, jcb international, mastercard, visa and unionpay international president of thai bankers'association president of government financial institutions council president of association of international banks president of thailand electronic payment trade association president of the telecommunications association of thailand under the royal patronage press members and distinguished guests, i am very pleased that all payment service providers in thailand are here to announce their collaboration on adopting qr code standard for payments. this is considered an important milestone for which the standardized qr code has been implemented in thailand. it is also the first time that five international payment card network providers and thai financial service providers have mutually agreed to adopt the same qr code standard in providing payment services in thailand. it is recognized that electronic payment ( e - payment ) is a crucial component in driving a digital economy, where technologies have been utilized to deliver better services for consumers and businesses, to increase financial inclusion, to raise efficiency and to reduce costs ; thus, enhancing the country ’ s competitiveness and supporting ‘ ease of doing business ’ principle. during the past several years, bank of thailand ( bot ) has been working on many important projects to encourage the development of e - payment systems and innovations including : - driving national e - payment master plan : the two main projects, promptpay service and the expansion of card acceptance devices ( edcs ) throughout the country, have been developed and promoted and have got continually good responses. for promptpay service, the registration has reached 32 million identification numbers with an accumulated fund transfers over 100 billion baht. - migrating atm and debit cards to chip cards : by the end of 2019, atm and debit cards must be changed to chip cards in order to enhance security of card payment. this policy coincides with the growth of debit card transactions used by thai people. - elevating security protection in mobile payment transactions : the bot has cooperated with the office of the national broadcasting and telecommunications commission and the telecommunications association of thailand under the royal patronage to strengthen mobile payment security. from the increasing trend of mobile payment volume which has heightened by 100 % from the previous year, we recognize that mobile will be a major payment channel in the near future ; therefore,

##fication means that the stock of housing could be falling behind demand. rectifying these would put additional pressure on resources, increasing prices already lifted by gst and other taxes / charges. households might start to ratchet up their expectations about future inflation and in such a case the reserve bank could be confronted with the need to increase policy rates to dampen the accelerating inflation outlook. 4. the rugby world cup one driver of growth over 2011 is, of course, the rugby world cup. we think the event will add about $ 700 million to the new zealand economy over the six weeks of the event, contributing approximately a third of a percent to gdp. more optimistic assumptions about multiplier effects would suggest a stronger impact, during months which are normally a tourist down - time. winning the world cup would also boost general confidence. bis central bankers ’ speeches how likely is it that new zealand will win? we have asked our expert team of forecasters to answer this question. they have pointed out several solid facts : we have always won the world cup at home ; we will have a cantabrian leading the team and another directing the back - line. our expert team of forecasters predict that on average, the all blacks will beat australia in the final at eden park, by 23. 9 to 15. 6. how to plan your business for whatever 2011 brings : sorry, that ’ s your job! good luck for the year! bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches bis central bankers ’ speeches