The Bank of Thailand has lodged a complaint with the Economic Crime Division accusing Payall Group and its president, wellknown star Film Ratthapoom, of operating e-Money services without a proper license.
Mr Pruetthipong Srimachan, assistant governor for administration assistance affairs, said on Monday that the company violated the e-Payment Act B.E. 2544 and e-Payment Royal Decree B.E. 2551 as well as the junta’s Order No 58 regarding- e-Money business.
The maximum penalty for the offence is two years imprisonment and/or a fine of 200,000 baht, he said.
Ms Sirithida Panomwan na Ayudhya
Meanwhile, Ms Sirithida Panomwan na Ayudhya, assistant governor of the central bank’s e-Payment system policy, disclosed that, in the middle of last year, Payall applied to operate e-Money transactions under Category A.
However, it was discovered later on that the company operated e-Money services under Category C without a license, she said, adding that the bank had received several complaints from people for the bank to investigate the company.
Ms Sirithida insisted that operators of e-Money services must require a license from the central bank and must have an initial registered capital of 200 million baht, must safe-keep the money of their clients and must deposit the clients’ money with financial institutes.
Payall Group accepts online payments for water and electricity fees as well as product purchases. It has an initial registered capital of 10 million baht.
Besides Mr Film Rattapoom Toekongsap as the president, Payall Group has four vice presidents namely Thanet Jattawapornvanich, Kannayaluck Pakkruapant, Poomipat Prasertwit and Puritat Toekongsap.
Source: Thai Public Broadcasting Service (Thai PBS)