
The Payment Infrastructure for the Capital Market that supports variety of payment methods for intermediary institutions and retail investors. Centralizing and standardizing operations to create economies of scale.
A service operating with a license from the Ministry of Finance and the Bank of Thailand that facilitates cross banks batch payments. This service only allows security-trading transactions between intermediaries (brokers) who have business license from the SEC and be a member of the Thailand Clearing House Co., Ltd. and their retail investors who trade shares on “Cash Account” (T+2).
Membership requirements
Applicants who want to use the FinNet payment system must meet the following requirements:
Membership revocation
FinNet may consider suspending the service by canceling the contract in accordance with the method and conditions specified in the contract if the service user fails to meet the following requirements:
Members
(Information from 15 September 2021)
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(Information from 15 September 2021)
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2. Intrabank Real-time Payment
A service that facilitates the intrabank, transactions are instructed within the same bank, real-time payments (except security trading transactions). Intermediaries make transactions to FinNet in real-time which will be redirected to destination bank to settle deposit and withdrawal.
3. Interbank Real-time Payment
A service that facilitates the interbank, transactions are instructed to cross bank (sending bank and receiving bank are not the same bank), real-time payments (except security trading transactions). Intermediaries make transactions to FinNet in real-time which will be redirected to sending bank for credit the money to other banks.
4. QR Code Payment
A service that enables investors to simply scan a QR code to make payments to intermediaries by using any bank’s mobile application.
5. Direct Debit Registration (DDR)
A service that allows investors to consent a permission to allow intermediaries to automatically debit from the investor’s bank account online without the need to use a paper form.