Thailand Leads Mobile Banking Penetration
That is well ahead of the global rate of 41% and higher than China, at 61%
Among Thailand’s internet users, 74% access banking services via mobile devices, according to the annual Global Digital Report 2019 from social media management platform Hootsuite and digital marketing agency We Are Social.
That puts one of Asia’s favorite vacation spots well ahead of the global rate of 41% and higher than China, at 61%.
The trend matches the Thai government’s plan to help the predominantly cash-driven economy go cashless.
The government expects multiple benefits from a digital payments economy. Transaction records would allow small and medium-size enterprises to apply for loans.
They would also make bribery more difficult and put hurdles in front of human and narcotics traffickers.