Cash crackdown: Thai authorities’s e-payment pledge to curb corruption

Prime Minister Srettha Thavisin revealed yesterday that the Thai government is ready to implement e-payments throughout the state sector as a pivotal technique to deal with the rampant problem of corruption. The announcement was made at an Anti-Corruption Day event organised by the Anti-Corruption Organization of Thailand (ACT), which the prime minister chaired.
This occasion marked Srettha’s first public forum since assuming the position of prime minister. The forum was held at the Krung Thep Aphiwat Central Terminal Station’s fourth floor, and attended by roughly 500 individuals, together with public officers and representatives from the non-public sector.
The 61 yr outdated PM expressed his concern over Thailand’s rank on the Corruption Perceptions Index last 12 months, where it held the fourth position amongst ASEAN international locations, trailing behind Singapore, Malaysia, and Vietnam.
The prime minister famous that these international locations are direct rivals of Thailand, making it imperative for the nation to improve its standing since corruption can significantly impact the nation’s Gross Domestic Product (GDP) and investor confidence, reported Bangkok Post.
“Corruption dampens investors’ confidence and undermines the country’s Gross Domestic Product (GDP).”

To get rid of corruption, the Thai government is planning to spend money on know-how to digitalise its business operations, thereby enhancing transparency in public administration. Save added the government will pace up the revision of the laws to rein in bribery and will swiftly cope with graft offenders.
“We will also maintain a detailed watch on senior state officers who must declare records of their property, that are accessible for viewing by most of the people.”

Srettha additionally supplied an instance of a know-how that could enhance transparency — e-payments.
The government intends to adopt e-payments as the first mode of transaction inside the state sector, replacing money transactions to make sure easy traceability. Furthermore, the submission of purposes for state licenses will be moved online.
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