pc
nid 93467
Jun 25, 2026
pthandapani@vixio.com
Thailand
Bank of Thailand
horizon scanning
83% of draft length
draft in Generated
Generated
1735 charsBank of Thailand Opens Consultation on Credit and Debit Card Service Governance Principles
On June 23, 2025, the Bank of Thailand (BOT) launched a public consultation on principles governing credit and debit card services and card network system selection. The consultation period runs until July 22, 2025.
The BOT is seeking to modernise its regulatory framework for card services to reflect current market developments and support future innovation. The consultation aims to replace two existing BOT announcements issued on April 16, 2018: Bank of Thailand Announcement No. 12/2561 concerning debit card services issued and used domestically, and Bank of Thailand Announcement No. 13/2561 on chip card standards for domestic debit cards. The new principles will establish updated governance standards for credit and debit card services and card network selection.
The BOT's objectives include enhancing service security, supporting innovation and new technologies in payment services, promoting fair competition, reducing barriers to market entry, and lowering costs for service users. The consultation recognises that payment options have expanded significantly, with new technologies such as digital wallets and encryption protocols now commonplace. The proposed principles aim to enable service providers to upgrade security measures, develop innovations, and adopt new technologies to meet diverse consumer payment needs while maintaining competitive market conditions.
Stakeholders wishing to submit comments or suggestions should contact the BOT's Payment Systems Policy and Financial Technology Division at PSD-policyreg@bot.or.th, or by telephone at +66 2 283 5054, +66 2 283 6713, or +66 2 283 6892. All feedback received during the consultation period will be considered in finalising the governance principles.
Agent draft
Not run yet.
Published
1445 charsBank of Thailand Opens Consultation on Credit and Debit Card Service Governance Principles
The Bank of Thailand (BOT) has issued a public consultation paper regarding the principles for regulating credit and debit card services and the selection of card networks.
The proposed regulations contain:
New definitions for key terms including "issuer", "acquirer", "payment facilitator", "local payment card network", and "inter-institution fund transfer system operator".
Regulations prescribing standards for card issuance, mandating that issuers must utilize international security standards to prevent counterfeiting and data leaks while maintaining system interoperability.
Specific rules governing the selection of card networks, establishing that issuers have the right to issue cards utilizing either a single network or multiple networks on the same card, and must not restrict merchants from freely choosing their preferred payment network.
Provisions outlining fair fee structures, requiring that all service fees must be transparent, appropriate, and strictly aligned with actual costs, while explicitly prohibiting the collection of unnecessary fees or those not directly related to the service.
Administrative measures stipulating that any local payment card network intending to outsource core functions, such as acting as a central hub for electronic payment data or providing clearing services which must notify the BOT at least 30 days before implementation.
Feedback may be submitted via this link by July 22, 2026.