Yod Chinsupakul elected President of TEPA, pushing to raise electronic payment standards

RegulationManagement
โดย Prachachat·TH·Read original
Summary · why it matters

Yod Chinsupakul, Chief Executive Officer of LINE MAN Wongnai and LINE Pay Thailand, has taken up the post of President of the Thai E-Payment Trade Association, or TEPA, which has more than 30 member service providers. He announced a direction to raise the security of Thailand's electronic payment systems under a cooperation framework to prevent illegal transactions in the financial sector of the Bank of Thailand, of which TEPA is one of 11 participating agencies. The work will be driven through three key principles: elevate, make difficult, and act quickly, covering the raising of screening standards, making it harder to exploit the system for wrongdoing, and speeding up information exchange and system adjustments to keep pace with new forms of threats. TEPA's role in the framework includes raising the screening of both major and sub-merchants, strengthening identity verification of e-money users and electronic fund transferors, linking proactive surveillance data to regulators, and joining forces with the Bank of Thailand and member networks through operational-level working groups and coordinators.

Impact on stocks 1

Digital Finance & Tokenization · 1 stocks

Theme Impact 3

Off-coverage companies 1

LINE MAN Wongnai Company LimitedPrivate▲ Positive
Regulationrelevance

Its CEO Yod Chinsupakul was elected TEPA President, driving higher e-payment screening and security standards that benefit LINE MAN Wongnai/LINE Pay Thailand.

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