Withai on AI Finance and PromptPay 10-Year Growth

Matichon•Economy•20m ago

Reader Briefing

Bank of Thailand Governor Withai Ratanakorn discussed the role of AI in finance and the success of PromptPay at the International Banking Seminar 2026.

•Withai Ratanakorn spoke at the International Banking Seminar 2026 during the IMF-World Bank Annual Meetings 2026.
•PromptPay reached over 83 million registered users with 2025 transaction values totaling 54 trillion baht.
•The Bank of Thailand promotes a Responsible Innovation Framework consisting of three pillars: Sound Technology, Sound Governance, and Sound Economics.
•The Bank of Thailand, IMF, and World Bank are pushing the Bangkok Blueprint for Force Resilient Financial Services to combat digital fraud.

Overview

•Withai Ratanakorn addressed the International Banking Seminar 2026 during the IMF-World Bank Annual Meetings 2026 regarding the balance between innovation and financial stability.
•Withai Ratanakorn stated that AI has the potential to increase productivity and improve credit assessments for SMEs and those with limited credit histories.
•PromptPay, launched by the Bank of Thailand 10 years ago, recorded a total transaction value of 54 trillion baht in 2025, exceeding twice the GDP.
•Withai Ratanakorn warned that rapid digital transactions increase risks of fraud, cyberattacks, and operational failures that could affect multiple financial institutions across countries.
•The Bank of Thailand implements the Responsible Innovation Framework focusing on Sound Technology, Sound Governance, and Sound Economics.
•The Bank of Thailand, IMF, and World Bank have developed the Bangkok Blueprint for Force Resilient Financial Services featuring 12 considerations across 5 pillars: Prevention, Detection, Response, Information Sharing, and Accountability.
•Withai Ratanakorn noted that international cooperation is necessary to prevent illegal activities from moving to countries with weaker measures.

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Key Entities

Person

Withai Ratanakorn(วิทัย รัตนากร)

Governor of the Bank of Thailand.

Organization

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The central bank of Thailand that launched PromptPay and promotes the Responsible Innovation Framework.

International Monetary Fund(กองทุนการเงินระหว่างประเทศ)ℹ️

An international organization that collaborated with the Bank of Thailand and World Bank on the Bangkok Blueprint for Force Resilient Financial Services.

World Bank(ธนาคารโลก)ℹ️

An international organization that collaborated with the Bank of Thailand and IMF on the Bangkok Blueprint for Force Resilient Financial Services.

Policy

PromptPay(พร้อมเพย์)ℹ️

A digital payment system launched by the Bank of Thailand 10 years ago.

Responsible Innovation Framework

A framework consisting of Sound Technology, Sound Governance, and Sound Economics to promote innovation with consumer protection.

Bangkok Blueprint for Force Resilient Financial Services

A framework consisting of 12 considerations and 5 pillars to combat cross-border digital fraud.