The Bank of Thailand (BOT) has ordered banks to tighten up checks of identity cards of customers following the leakage of ID cards of over 10,000 people from TrueMove H’s cloud storage.
The move aims to prevent criminals using fake or stolen ID cards of other people to conduct financial activities.
TrueMove H admitted of the leakage but said it was the personal information of customers of its subsidiary iTrueMart only.
Central bank’s assistant governor Siritida Panomwon Na Ayudhya said the central bank has monitored the case closely but still has not found any implication between TrueMove H and True Money.
She said both are separated in doing business.
True Money provides electronic wallet service which allows individual to make electronic transactions, including purchasing items online with a computer or using a smartphone to purchase something at a store.
An individual’s bank account can also be linked to the digital wallet.
Ms Siritida said nothing unusual or worrying was found.
She also said that as a new law on payment system was in force since April 16, hundreds of existing operators providing online payment services are required to register for new licencing.
They are still allowed to operate but they will be closely supervised and monitored, she said.
The new law lowers initial registered capital from.200 million baht to 100 million baht so as to encourage new investors to the business along with protection for customers.