19 Bank and corporate are currently using National Payment Message Standard (NPMS)

19 banks and corporates are currently using National Payment Message Standard (NPMS) and ETDA is planning to improve NPMS to comply with ASEAN and international standards The Electronic Transactions Development Agency (Public Organization) or ETDA reported the outcomes following the promulgation of National Payment Message Standard (NPMS) as the electronic transaction standard (ETS. 0001-2555) by the Electronic Transactions Commission on January 2, 2013. At present, 19 commercial banks and corporates adopt NPMS for their payment services. ETDA and the Bank of Thailand initiated and encouraged NPMS to be used as the message standard for electronic payment transactions so that financial institutions and corporates shall have the same message format used in exchanging payment transaction data, with objectives to reduce time and expense on the data management as well as to facilitate the electronic payment transaction activities. Therefore, ETDA and the Bank of Thailand plan to promote the wider usage of NPMS and improve NPMS to make it consistent with the ASEAN and international standards by primarily taking into consideration usage context, business requirements, and features of the payment systems in Thailand. News release of the Electronic Transactions Development Agency (Public Organization) or ETDA, a Public Organization under the supervision of the Ministry of Information and Communication Technology (ICT), stated that financial institutions and corporates are required to manage many data formats which made their workloads increased, because the payment transaction data and message formats exchanged between them vary based on their own usage requirements. Consequently, NPMS was introduced with the objective to make these organizations have the same standardized data format which conforms to the ISO 20022 standard in order to reduce expense and redundancy, and to increase the efficiency of electronic payment services. After the promulgation of NPMS by the Electronic Transactions Commission as the electronic transaction standard (ETS. 0001-2555) on January 2, 2013, ETDA together with the Bank of Thailand strongly urge the NPMS implementation for electronic payment transactions. NPMS currently consists of 4 standardized electronic payment messages including: 1. Customer Credit Transfer Initiation message, 2. Customer Direct Debit Initiation message, 3. Customer Payment Status Report message, and 4. Bank To Customer Debit Credit Notification message. Moreover, these 4 messages can be implemented in 6 types of electronic payment services including: 1. Direct Credit, 2. Cheque Outsourcing, 3. ITMX Bulk Payment, 4. BAHTNET, 5. International Payment, and 6. Direct Debit. Specifically, the volume of e-payment transactions supported by NPMS accounts for 49 percent of total e-payment volume and the corresponding value accounts for 89 percent of total e-payment value (the data based on e-payment statistics in 2012 of the Bank of Thailand). In 2013, ETDA has been undertaking the Development Project on e-Transactions Standards for ASEAN in order to promote the wider usage of NPMS. At present, the following 19 commercial banks and corporates implementing NPMS for their electronic payment transactions are the Customs Department, Office of the Rubber Replanting Aid Fund, Kasikorn Bank, Krungthai Bank, Siam Commercial Bank, Thai Military Bank, Citibank, Sumitomo Mitsui Banking Corporation, Standard Chartered Bank (Thai), CIMB Bank (Thai), Bank of Ayudhya, HSBC, Deutsche Bank, Mizuho Corporate Bank, Bangkok Bank and its 4 customers. In addition, ETDA and the Bank of Thailand have a future plan to improve NPMS to comply with the regional standards through the Working Committee on Payment and Settlement Systems (WCPSS), a committee on financial systems at ASEAN regional level, and with the international guidelines through the Common Global Implementation (CGI) Forum at international level, by primarily taking into consideration usage context, business requirements, and features of the payment systems in Thailand. Furthermore, ETDA and the Bank of Thailand plan to develop NPMS to cover inter-bank messages so that the overall payment system of Thailand can be operated as Straight-Through Processing which can reduce operational risks and e-payment transaction costs. -KPA-

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