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Mobile banking users not affected yet by new regulation : NBTC

Mobile banking users not affected yet by new regulation : NBTC

26 Sept 14:52 Key points summarised by AI
  • A new Thai regulation requires mobile bank account owners and SIM card users to be the same person, aiming to prevent scamming via 'mule' accounts and 'ghost' SIMs.
  • Despite the new rule's enforcement, mobile banking users can continue transactions as usual, as the National Broadcasting and Telecommunications Commission (NBTC) is still coordinating its implementation.
  • The NBTC is collaborating with the Anti-Money Laundering Office (AMLO), commercial banks, and mobile providers (AIS, TRUE) to cross-check and verify user data, with exemptions for accounts opened for children or the elderly.
  • Users can check their SIM card registration by dialing *179* followed by their ID card number, and the NBTC plans discussions to facilitate name changes for SIM card owners to match bank accounts.
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