😳Thailand🇹🇭: the Bank of Thailand (BOT) will impose daily limits on mobile banking transfers

😳Thailand🇹🇭: the Bank of Thailand (BOT) will impose daily limits on mobile banking transfers

The main purpose is to curb fraud. The limit set by the Central Bank is 50,000 baht (1,544 USD). In addition, banks will implement individual limits based on monitoring customer behavior during transactions.

▶️Gradual implementation: for now, the restrictions will apply only to new mobile and online banking clients. Existing clients with long-standing and stable transaction patterns will be subject to these measures only at the end of 2025.

▶️Context: in the second quarter of 2025 alone, fraudulent activities caused losses of 6 billion baht (185,299,560 USD). By July of the same year, more than 3 million accounts had been blocked, of which 177,000 were directly linked to fraudulent operations.

#news #Asia #fraud

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