By Martin Gøttske
Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash.
The link would bring together Southeast Asia’s first national digital-payment platforms, Singapore’s PayNow and Thailand’s PromptPay.
The prospective tie-up is the latest effort by Asian nations to modernize the payment process. Governments from India to Indonesia are prodding citizens to pay via cards, mobile devices and Internet-based channels, all of which are viewed as more efficient and traceable than physical notes and coins.