Hello, I appreciate your insights.

PromptPay is widely used in Thailand, with nearly all merchants accepting it. The project is structured as a competition, where the first local to accept and process an order will earn a significant commission. As a result, the required number of locals is relatively small. However, it’s essential to maintain a good balance between payers and exchangers.

There are some drawbacks. The payment processing time can be slow, even if the order is accepted right away. The optimal payment time is around 20 seconds, but it still works well in many scenarios, such as paying at a restaurant or online shopping and small bill payments.

Currently, we also impose a limit on transaction sizes, capping them at 500 THB. This measure is in place to encourage local acceptance of orders, which means that paying rent is not feasible at this time.