A payments system
is no more than a structured arrangement for moving value between its participants.
So defined, it is crystal clear that payment systems are ultimate to the functioning
of all monetary economies, no matter they are developed economies, transitional
economies, or developing economies like Guyana. The aim of this work is to show
how the architecture of payment systems (payment instruments, processing, participants,
consumers, etc.) impact to payments industry (microeconomic approach) and for the
promoting the role of the Central Bank in payment systems and financial stability
(macroeconomic – public approach) along with consumers adaptation to these changes
and developments. We use the method of qualitative to analyze, not experimental
measures. Central Banks, as circulators of money, have always had a keen interest
in the smooth functioning of their respective National Payments System and the way
it affects the economy. Their involvement has, however, evolved over time, as Central
Banks have increasingly taken on a blatant role in the pursuit of the Consumers
good of maintaining trust in the currency and ensuring its smooth circulation in
carrying out their core monetary and financial stability functions through the payment
systems modern evolving infrastructure.
CPSS, (March 2003) A Glossary of terms used in payment and settlement system, A
glossary of terms used in payments and settlement systems https://www.bis.org/
Central Bank, (2010), The Payment Sustems, Payments, Securities and Derivatives
and the Role of the Eurosystem, The Payment System - Payments, Securities and
Derivatives, and the Role of the Eurosystem. Editor tom Kokkola, September 2010
Rambure, A. Nacamuli, (2008), Payment Systems, from the Salt Mines to the Board
Room, Palgrave Macmilian, Payment Systems: From the Salt Mines to the Board
Room - D. Rambure, A. Nacamuli - Google Books.
(2021). Covid-19 and E-Commerce: A Global Review. New York: United Nations
Conference on Trade and Development, Covid-19, and e-commerce: a global review
 Ani, N.
(2020). The Use of E-Payment During COVID-19 Outbreak. International Journal of
Scientific, 6, 395-401, (PDF) The Use of E-Payment During Covid-19 Outbreak
A., Nylund, P., & Viardot, E. (2020). The impact of the 2008 financial
crisis on innovation: A dominant design perspective. Journal of Business
Research, 110, 360-369, https://doi.org/10.1016/j.jbusres.2020.01.048.
U. (2020). United Nations E-Government Survey 2020), UN E-Government Survey
W. B. (2021). Thailand Economic Monitor: Restoring Income, Recovering Jobs.
Washington D.C.: World Bank), Thailand Economic Monitor, January 2021:
Restoring Incomes, Recovering Jobs (worldbank.org).
D., Chansukree, P., Cho, W., & Berman, E. (2018). E-government 4.0 in
Thailand: The role of central agencies. Information Polity, 23, 343-353, http://dx.doi.org/10.3233/IP-180006.
Journal of E-business and E-government Studies Vol: 13 No: 1 Year: 2021 ISSN:
2146-0744 (Online) (pp. 240-262) Doi:10.34111/ijebeg.202113112242),
International Journal of E-business and E-government Studies – Advancing
Interdisciplinary Studies on Social Sciences (sobiad.org).
E. G. (2016). About Us. Retrieved from https://www.ega.or.th/en/profile/874/.
N. (2016). National e-Payment Master Plan. Retrieved from http://www.epayment.go.th/home/app/project-strategy).
C. (2019). On a correlative and evolutionary SWOT analysis. Journal of Strategy
and Management, 12, 347-363, https://doi.org/10.1108/JSMA-02-2019-0026.
S., & Tat, M. (2017). SWOT Analysis: A Theoretical Review. The Journal of
International Social Research, 10(51), 994-1006), (PDF) Swot Analysis: A
Theoretical Review (researchgate.net).
 A. G. Haldane, S. Millard and V. Saporta,
(2008), “The Future of Payment Systems”, Routledge. p.31), The Future of
Payment Systems | Stephen Millard, Andrew Haldane, Victo (taylorfrancis.com).
Dowd, (1998), Monetary Policy in 21st century: an impossible task? CATO
Journal, Vol. 17), Monetary Policy in the 21st Century: An Impossible Task?
Woodford, (2004), Interestand Pricees: foundation of a theory of monetary
policy, Princeton University Press, Interest and Prices | Princeton University
and J. Moore, (2004), Liquidity and Asset Prices, London School of Economics),
Selgin, and L.H. White, (2005), The Future of Fiat Money, University of
Georgia, George Selgin Positions - Kipdf.Com.
S., Aoun, C., & Chantatub, W. (2020). Information Technology Issues in
Thailand. In The World IT Project, 435-448, https://doi.org/10.1142/9789811208645_0034.
A. A., & Tariq, M. U. (2020). The Impact of Quality E-payment System on
Customer Satisfaction. Journal of Critical Reviews, 7, 5438-5447. Retrieved
T., A. Kongprajya, and C. Monchaitrakul. (2020). FinTech, Financial Literacy,
and Consumer Saving and Borrowing: The Case of Thailand. ADBI Working Paper
1100. Tokyo: Asian Development Bank Institute. Retrieved from https://think-asia.org/handle/11540/11606.
A. (2020). Development of Agricultural E-commerce in Thailand. 1, 7-17.
Retrieved from https://ap.fftc.org.tw/system/files/journal_article/Development%20of%20Agricultural%20e-commerce%20in%20Thailand.pdf.
L. (2020). Digital payments and electronic clearing systems. Retrieved from https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/15710.
(2015). More IT Workforce is Needed. Retrieved from http://www.prachachat.net/news_detail.php?newsid=1443444348.
K. (2017). The Demand of Mobile Applications for Elderly in Thailand. Ph. D.
Thesis, Thammasat University, Bangkok, Thailand, Retrieved from International
Journal of E-business, and E-government studies Vol: 13 No: 1 Year: 2021 ISSN:
2146-0744 (Online) (pp. 240-262) Doi: 10.34111/ijebeg.202113112 260), The
demand of mobile applications for elderly in Thailand, The demand of mobile
applications for elderly in Thailand (tu.ac.th).
A., Toopgrajank, S., Chantararatmanee, D., & Charoenwiriyakul, C. (2021).
Development of Elderly Quality of Life towards 5G Digital Era in Bangkok
Metropolitan Areas, Thailand. Psychology and Education Journal, 58,
4007-4012. Retrieved from http://psychologyandeducation.net/pae/index.php/pae/article/view/5594.
M. P., & Modak, K. (2018). Comparative Sustainable Development-Assessment
of India, Thailand, and Asian G20 Countries. 8, 81-88. Retrieved from http://unnayan.ipsacademy.org/v4/890.pdf.
K., & Thanasopon, B. (2020). Factors Influencing Reuse Intention of
e-Payment in Thailand: A Case Study of PromptPay. Paper presented at the ICEIS ,
Bank for International Settlements (1999):
“Core Principles for Systemically Important Payment Systems,” Consultative
Document, Basel, December. Committee of Governors of the Central Banks of the
Member States of the European Economic) These include studies of Interbank
Netting Schemes (BIS (1990)); Delivery versus Payment (BIS (1992));
Cross-border Securities Settlements (BIS (1995)); Foreign Exchange Settlement
Risk (BIS (1996) (1998a)); RTGS systems (BIS (1997a)); Exchange-traded
Derivatives (BIS (1997b)); and Over-the-counter Derivatives (BIS (1998b)), Core
Principles for Systemically Important Payment Systems - January 2001 https://www.bis.org/.
A. A. (2017). The use of UTAUT to investigate the adoption of e-government in
Jordan: a cultural perspective. International Journal of Business Information
Systems, 24. 285-315), E-con Papers: The use of UTAUT to investigate the
adoption of e-government in Jordan: a cultural perspective (repec.org)
Stability Review (Hills, Rule (1999), Financial Stability Review - November