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Stevvo 3 days ago

New customers will be defined as "high-risk" with, a separate classification from "vulnerable" which is for under 15s and over 65s. The limit for these "high-risk" customers is 50000 baht a day, which is surely going to be inconvenient to deal with if you ever need it, e.g. for medical bills.

ameliaquining 3 days ago | parent | next [-]

Medical providers are probably okay with getting paid in 50,000-baht daily installments if necessary?

Ekaros 3 days ago | parent | prev | next [-]

1 344,17 Euro

Which to me seems entirely reasonable limit. Such transactions are relatively rare.

hnlmorg 3 days ago | parent | prev | next [-]

The article also said that you can apply to make larger transfers and the process gets approved within a few hours (so basically “same day”.

That means unusual payments like home purchases can be approved. But fraud is significantly harder…at least in theory.

StopDisinfo910 3 days ago | parent | prev | next [-]

That’s two months of the country median income. I’m pretty sure medical providers will be okay.

That’s mostly annoying for inter accounts movement if you move money around a bit but I think you would get higher capacity if you are concerned.

nxobject 3 days ago | parent | prev [-]

Medical bills are usually a lot more reasonable than that in Thailand - we have a competitive healthcare market that’s backstopped by a public hospitals and a public universal healthcare system.