The U.K.'s Vocalink, which operates the region's Faster Payments system, announced it will work with National ITMX, the operator of Thailand's interbank payments network, to explore the potential development of a real-time mobile payments system in the country.

"We chose VocaLink as a key partner because of their proven track record in the delivery of both the U.K. Faster Payments Service and Singapore's ISO20022 FAST real-time payments systems," Wanna Notarbhorn, the managing director at National ITMX, said in a statement. "We believe they are best placed to help us identify options for delivering efficient and reliable mobile payments services in Thailand."

"A real-time mobile payments system is a core enabler of applications that connect and engage banks and their customers — from P2P payments to mobile commerce," said Paul Stoddart, managing director of strategy, products, marketing and business development at VocaLink. "It supports the development of an inclusive digital economy that benefits consumers, businesses and the wider economy. We are delighted to work with NITMX on developing payments opportunities in Thailand and their respected market position makes them an excellent partner."

Vocalink this year plans to launch a mobile payments system with the support of U.K. banks called Zapp.