Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


National ITMX Co. Ltd (NITMX), Thailand’s main interbank payments provider and VocaLink, the UK-based international payment systems provider are delighted to announce their joint study into potential collaboration to develop mobile payments in Thailand.

VocaLink designed, built and manages the real-time technology behind the UK Faster Payments Service on behalf of the Faster Payments Scheme. Since launch in 2008, the service has securely processed over 4 billion payments.  VocaLink has successfully developed its real-time technology further in its Immediate Payments Solution, which adopts the ISO 20022 message standard to support richer data sets.

VocaLink’s Immediate Payments Solution already powers the FAST payments service in Singapore, which has enabled it to become one of the world’s most advanced payments markets.

The VocaLink and NITMX collaboration intends to deliver immediate mobile payments and services to banks, consumers and businesses, underpinned by an instant payment capability based on the ISO20022 standard. This will enable people to pay who they want when they want and businesses can improve cash flow, improve the e and m commerce experience for their customers and reduce drop out rates and fraud. The UK experience demonstrates that real-time technology drives benefits throughout the payments value chain  and into the wider economy.

Wanna Notarbhorn, Managing Director at National ITMX Co. Ltd added: “We are at the forefront of payments innovation and aim to continually improve our services. We chose VocaLink as a key partner because of their proven track record in the delivery of both the UK Faster Payments Service and Singapore’s ISO20022 FAST real-time payments systems. We believe they are best placed to help us identify options for delivering efficient and reliable mobile payments services in Thailand.”

Paul Stoddart, Managing Director, Strategy, Products, Marketing& Business Development at VocaLink, said: “A real time mobile payments system is a core enabler of applications that connect and engage banks and their customers – from P2P payments to mobile commerce.  It supports the development of an inclusive digital economy that benefits consumers, businesses and the wider economy. We are delighted to work with NITMX on developing payments opportunities in Thailand and their respected market position makes them an excellent partner.”