• TH
    • TH
  • About BOT
    • Roles & History
    • Laws And Regulations
    • Organization And Executives
    • Committee
    • Financial Reports
    • Banknotes
    • Museum
  • Monetary Policy
    • Monetary Policy Committee (MPC)
    • Monetary Policy Target
    • Schedule of Meetings
    • MPC Meeting Results
    • MPC Publications
    • MPC Knowledge
    • Economic Conditions
    • Regional Economy
    • Research and Conference Papers
  • Financial Institutions
    • Financial Institutions Policy Committee
    • Thailand’s Financial Institutions​
    • BOT Roles and Responsibilities
    • Financial Institutions Supervision in Practice
    • Financial Institutions Policy
    • Supervision of Other Financial Corporations
    • Supervisory Coordination
  • Financial Markets
    • Monetary Operations
    • Financial Market Development
    • Foreign Exchange Market
    • Foreign Reserves Management
    • Foreign Exchange Regulations
    • Thai Reference Rate and LIBOR Transition
    • Bond Investor Registration
  • Payment Systems
    • Payment Systems Committee (PSC)
    • Payment Systems Policy
    • Oversight of Payment Systems
    • Payment Systems Act
    • Oversight of e-Payment Service Providers
    • BOT's Payment System Services
    • Payment Systems Standards
    • Payment Systems Notification & Circulars
    • Cross-border Payment
    • Financial Technology
  • Research and Conferences
    • Research
    • Conferences
    • Puey Ungphakorn Institute For Economic Research
  • Statistics
    • Financial Markets
    • Economic and Financial
    • Financial Institutions
    • Payment Systems
    • Regional Economic and Financial
    • Key Economic Indicators
    • Selected Recent Developments
    • BOT API
    • Statistics Handbook

  • Home
  • > Payment Systems
  • > Cross-border Payment
Payment Systems
Payment Systems
  • Payment Systems Committee (PSC)
  • Payment Systems Policy
  • Oversight of Payment Systems
  • Payment Systems Act
    • Related Notifications
    • List of Payment Business Providers
    • Public Handbook (Payment Systems Act B.E. 2560)
    • License Application Process
  • Oversight of e-Payment Service Providers
    • Related Laws & Regulations
  • BOT's Payment System Services
    • BAHTNET System
    • Imaged Cheque Clearing and Archive System
    • Payment Systems Member
  • Payment Systems Standards
  • Payment Systems Notification & Circulars
    • BAHTNET System
    • BAHTNET Offline (BNO)
    • Intraday Liquidity Facilities (ILF)
    • Electronic Financial Service : EFS
    • Securities Requirement for Settlement (SRS)
    • Related Regulation Payment System
  • Cross-border Payment
    • Cambodia
    • Indonesia
    • Japan
    • Malaysia
    • Singapore
    • Vietnam
  • Financial Technology
    • List of P2P Lending Platform in Regulatory Sandbox
​

Thailand’s Cross-border Payment Linkages/_catalogs/masterpage/img/expand.png

​

PromptPay has been a game changer for Thailand’s digital payments, given its convenience, speed, security, and low cost. Since its launch in 2016, the registration rate and number of transactions have been continuously increasing. Its popularity increased dramatically during the pandemic, as people minimized exposure to cash and switched to online transactions.

Following the domestic success, the Bank of Thailand (BOT) has expanded the PromptPay’s coverage to other ASEAN countries as part of the ASEAN Payment Connectivity initiative.  Linkages are also forged beyond ASEAN—to countries with strong economic ties with Thailand, especially with large flows of migrant workers and tourists.  Use cases for cross-border payments include: (1) cross-border QR payments and (2) cross-border fund transfers, with real-time execution at relatively lower fees. 

In the future, the BOT expects to add more strategic partner countries as well as to increase the number of service providers to better serve people’s needs.


Details of Cross-border QR Payments/_catalogs/masterpage/img/expand.png

​
Examples:  1. Thai tourists traveling to Vietnam may use their BBL mobile application to scan VietQR of TPBank or BIDV at merchants in Vietnam to make payments for their goods or services.
                          2. Malaysian tourists traveling to Thailand may use their Public Bank mobile application to scan the Thai QR payment of KBANK or SCB at merchants in Thailand to make payments for their goods or services.

Details of Cross-border Remittance Services by Mobile Phone Number /_catalogs/masterpage/img/expand.png

​
Examples:   1. Singaporean workers in Thailand may transfer money to recipients in Singapore having a DBS, OCBC, or UOB bank account through BBL, KBANK, KTB, or SCB mobile application by using the mobile phone number of the recipient.
                           2. Thai workers in Singapore may transfer money to recipients in Thailand having a BBL, KBANK, KTB, or SCB bank account through DBS, OCBC, or UOB mobile application by using the mobile phone number of the recipient.  

Overview of Thailand’s Cross-border Payment Linkages/_catalogs/masterpage/img/expand.png
map_payment
JapanVietnamCambodiaMalaysiaSingaporeIndonesia

Share
Tweet
Share
Tweet
About BOT
  • Roles & History
  • Laws And Regulations
  • Organization And Executives
  • Committee
  • Financial Reports
  • Banknotes
  • Museum
Monetary Policy
  • Monetary Policy Committee (MPC)
  • Monetary Policy Target
  • Schedule of Meetings
  • MPC Meeting Results
  • MPC Publications
  • MPC Knowledge
  • Economic Conditions
  • Regional Economy
  • Research and Conference Papers
Financial Institutions
  • Financial Institutions Policy Committee
  • Thailand’s Financial Institutions​
  • BOT Roles and Responsibilities
  • Financial Institutions Supervision in Practice
  • Financial Institutions Policy
  • Supervision of Other Financial Corporations
  • Supervisory Coordination
Financial Markets
  • Monetary Operations
  • Financial Market Development
  • Foreign Exchange Market
  • Foreign Reserves Management
  • Foreign Exchange Regulations
  • Thai Reference Rate and LIBOR Transition
  • Bond Investor Registration
Payment Systems
  • Payment Systems Committee (PSC)
  • Payment Systems Policy
  • Oversight of Payment Systems
  • Payment Systems Act
  • Oversight of e-Payment Service Providers
  • BOT's Payment System Services
  • Payment Systems Standards
  • Payment Systems Notification & Circulars
  • Cross-border Payment
  • Financial Technology
Statistics
  • Financial Markets
  • Economic and Financial
  • Financial Institutions
  • Payment Systems
  • Regional Economic and Financial
  • Key Economic Indicators
  • Selected Recent Developments
  • BOT API
  • Statistics Handbook
Schedule of Releases
Terms and Conditions
Personal Data Privacy Policy
Links
FAQ
Contact Us

©2015 Bank of Thailand. All rights reserved.   ( Best View with Chrome, Safari, Firefox or IE 10 (and above) )
Inquiry/Suggestion/Complaint
E-newsletter

Service Manager
Pariwat Tel. (+66)-2283-6707
Sasinan Tel. (+66)-2283-5054

©2015 Bank of Thailand. All rights reserved.