PaymentComponents, a leading provider of financial solutions, has announced the addition of BAHTNET (Bank of Thailand Automated High-value Transfer Network) to its FINaplo Financial Messages.

BAHTNET is a critical financial infrastructure that serves Real-Time Gross Settlement (RTGS) of large value funds transfer between financial institutions or other organizations maintaining deposit accounts at the Bank of Thailand (BOT). With the addition of BAHTNET, FINaplo now supports most of the financial messaging standards, enabling banks and financial institutions to connect to various payment systems around the world.

This new addition will help financial institutions in Thailand streamline their payment operations, reduce operational costs, and improve efficiency. The FINaplo library for BAHTNET supports both inbound and outbound messages and includes features such as message validation, parsing, and routing.

The addition of BAHTNET to the FINaplo financial messaging libraries comes as an enhancement to our existing libraries, which include the ISO20022 payment schemes of MEPS+, FedNow, P27, and SIC/euroSIC among others. With a focus on innovation, Payment Components continues to invest in its product offerings, enabling its customers to keep pace with the changing landscape of global payments.