What is Thai baht (THB)?

Thai baht (THB) is the official currency used in Thailand. It is commonly used for domestic payments, business transactions, and cross-border transfers.

How can businesses send money in Thai baht with TransFi?

Businesses can send THB through TransFi using local payment methods, bank transfers, or stablecoin-powered settlement, ensuring faster payouts and predictable delivery.

How can businesses receive Thai baht payments?

Businesses can collect THB using local payment methods preferred by customers in Thailand, improving success rates and customer trust.

How fast are Thai baht transactions processed?

Transaction speed depends on the payment method used, but TransFi enables faster settlement through local rails and stablecoin infrastructure, often within minutes.

What payment methods are available for Thai baht?

TransFi supports PromptPay, ThaiQR, and Thai bank transfers and other trusted local options for THB in Thailand, helping businesses match how customers and partners already pay.

Is it safe to transact in Thai baht with TransFi?

Yes. TransFi follows global compliance standards, including KYC/KYB, transaction monitoring, and secure infrastructure to ensure safe and reliable payments.

Does TransFi support currency conversion to and from Thai baht?

Yes. Businesses can convert THB to other currencies or stablecoins with transparent pricing and predictable settlement timelines.

Thailand

Accept Payments in Thailand with Local Methods & Stablecoins

One integration to accept PromptPay, ThaiQR, and Thai bank transfers — eWallets, bank transfers, cards, and stablecoins all in one place. Send and receive money your way across Thailand.

72M

Population

20th largest in the world

$35B

E-commerce volume

Annual GMV in 2025

61M

Internet users

85% internet penetration rate

46M

Online shoppers

Growing 14% YoY

PAYMENT METHODS

Discover variety of payment options in Thailand

Bank Transfer

Move money directly from bank to bank

Wallets

Money that lives in the app

QR

One scan, any bank, any wallet

Coming Soon

Mobile Money

Financial access through mobile networks

Coming Soon

Cash Payment

Pay in stores with an online voucher

Coming Soon

WHY THIS MARKET

Why businesses choose TransFi in Thailand

Local payment rails in Thailand

Deliver and collect via PromptPay, ThaiQR, and Thai bank transfers — the methods people in Thailand already use every day.

Fast THB settlement

Most transfers involving Thailand settle within minutes via instant payment networks and mobile wallets.

Transparent FX on THB corridors

See the exact exchange rate and fees before you send — no hidden spreads on Thailand payment routes.

Built for Thailand cross-border flows

Whether paying vendors, contractors, or family, TransFi routes THB through compliant local infrastructure in Thailand.

PAYMENT DEEP DIVE

How Thais Pay: PromptPay, ThaiQR, and Universal Merchant Acceptance

Thailand's payment landscape is defined by extraordinary QR penetration. Where other markets debated wallet interoperability for years, Thailand achieved it through PromptPay — a central bank-mandated instant payment system that links every licensed bank and most e-wallets under a single national ID. ThaiQR codes at merchant counters work regardless of whether the customer banks with SCB, KBank, or uses TrueMoney.

Mobile banking apps are the primary interface for Thai consumers. Over 50 million Thais actively use bank mobile apps for daily transactions, bill payments, and peer-to-peer transfers. Card penetration exists but QR and bank-transfer methods dominate both online and offline commerce, particularly for domestic transactions. International cards are accepted at tourist-facing establishments but carry foreign transaction fees that push savvy Thai shoppers toward local methods.

For businesses entering Thailand, supporting PromptPay and ThaiQR is non-negotiable. E-wallet options like TrueMoney and Rabbit LINE Pay extend reach to users who prefer app-based wallets over direct bank debits. TransFi aggregates these channels into one integration with real-time confirmation, automated reconciliation, and compliance with Bank of Thailand payment service provider requirements — giving international merchants a native Thai checkout experience from day one.

PromptPayThaiQRMobile Banking (SCB, KBank, Bangkok Bank, Krungthai)TrueMoney WalletRabbit LINE Pay

PromptPay

PromptPay is Thailand's national instant payment infrastructure, operated under Bank of Thailand oversight and accessible through every major Thai bank's mobile app. Users link their mobile number or national ID to a bank account and can send or receive money instantly, 24/7, including weekends and holidays. PromptPay has over 60 million registered IDs and processes billions of transactions annually.

For merchants, PromptPay enables real-time payment collection via ThaiQR codes or direct transfer to a registered PromptPay ID. There are no per-transaction fees for person-to-person transfers, and merchant fees through acquirers are among the lowest in Southeast Asia. TransFi generates dynamic PromptPay QR codes at checkout and confirms payment within seconds — critical for tourism businesses, food delivery, and e-commerce where order fulfilment depends on instant fund verification.

ThaiQR

ThaiQR is the standardised merchant QR code format adopted across Thailand's banking and payment industry. With over 90% of Thai merchants displaying ThaiQR at point of sale — from Bangkok street vendors to Central Department Store — it is the most visible payment method in the country. ThaiQR supports both static codes for fixed-amount payments and dynamic codes generated per transaction.

International businesses integrating through TransFi receive ThaiQR-compliant codes that any Thai banking app or e-wallet can scan. This eliminates the need for separate QR integrations per bank and ensures compatibility with the entire PromptPay ecosystem. Whether your customer pays via SCB Easy, K PLUS, or Krungthai NEXT, a single TransFi-generated ThaiQR code handles them all with unified settlement reporting.

Mobile Banking (SCB, KBank, Bangkok Bank, Krungthai)

Thailand's four largest banks — Siam Commercial Bank, Kasikornbank, Bangkok Bank, and Krungthai Bank — collectively serve over 80% of the population through mobile banking apps with integrated bill pay, QR scan, and online shopping features. SCB Easy and K PLUS are particularly dominant in urban centres, while Krungthai NEXT reaches rural and government-salary demographics nationwide.

For e-commerce, mobile banking redirects allow shoppers to authorise payments within their bank app — similar to FPX in Malaysia but routed through Thailand's ITMX switching network. These flows carry high trust, low fraud rates, and strong conversion for transactions above ฿500. TransFi connects to mobile banking payment gateways across all major Thai institutions, presenting bank selection at checkout and returning standardised payment confirmations for automated order processing.

TrueMoney Wallet

TrueMoney is Thailand's leading standalone e-wallet, operated by Ascend Money (a joint venture involving Charoen Pokphand Group and Ant Group). With over 20 million registered users, TrueMoney covers bill payments, mobile top-ups, online shopping, and PromptPay-linked transfers. TrueMoney is especially popular among younger Thais, gig workers, and users in secondary cities where bank branch access is limited.

TrueMoney integrates with the PromptPay network, meaning TrueMoney users can pay any ThaiQR merchant and receive PromptPay transfers to their wallet balance. For merchants, offering TrueMoney as a checkout option captures wallet-first users who may not have linked their bank account to PromptPay. TransFi supports TrueMoney payments alongside bank and QR methods, with real-time balance confirmation and competitive merchant fees.

Rabbit LINE Pay

Rabbit LINE Pay leverages LINE's dominance as Thailand's most-used messaging app — over 50 million Thai users — to deliver an in-chat payment experience. Users link bank accounts or cards to Rabbit LINE Pay and can send money, pay merchants, and shop within LINE's ecosystem without leaving the app. Rabbit LINE Pay QR codes are accepted at participating merchants and integrate with the broader ThaiQR standard.

For businesses targeting Thai consumers through social commerce, LINE Official Accounts, or influencer-driven sales, Rabbit LINE Pay is essential. TransFi enables Rabbit LINE Pay checkout for online merchants and supports payment link generation that can be shared directly in LINE chats — a workflow that mirrors how millions of Thais already discover and purchase products through social channels.

USE CASES

How businesses use TransFi in this market

Tourism and Hospitality Payments

Thailand welcomed over 35 million international visitors in recent peak years, and every hotel, restaurant, tour operator, and retail outlet needs payment infrastructure that works for both Thai guests paying via PromptPay and foreign visitors converting to local methods. TransFi enables hospitality groups to accept ThaiQR at check-in, restaurant POS, and online booking engines — with instant confirmation that unlocks room access, tour vouchers, and spa appointments without manual payment verification delays.

E-Commerce and Social Commerce

Thai e-commerce GMV exceeds $30 billion annually, driven by Shopee, Lazada, and a thriving social-selling culture on LINE, Facebook, and TikTok. Merchants selling to Thai consumers must support mobile banking redirects and PromptPay QR to match conversion rates of local competitors. TransFi's checkout presents all major Thai methods from a single integration, with payment links optimised for mobile sharing in LINE chats and social media posts.

Subscription and Digital Services

Thailand's growing middle class subscribes to streaming, gaming, cloud software, and online education at accelerating rates. Recurring billing through Thai mobile banking and e-wallet auto-debit reduces churn from expired international cards. TransFi supports subscription-aware APIs with retry logic, localised dunning messages in Thai, and prorated plan changes — enabling global SaaS and content platforms to bill Thai subscribers in baht without maintaining local payment infrastructure.

Gig Economy and On-Demand Platforms

Food delivery, ride-hailing, and freelance marketplaces operating in Bangkok, Chiang Mai, and tourist corridors depend on instant payment for both collection and disbursement. Riders and drivers expect PromptPay payouts within minutes of completing a job. TransFi's dual collect-and-disburse capabilities let platforms accept customer payments via ThaiQR while paying Thai partners through PromptPay — all through one API with unified reconciliation across both flows.

MARKET INSIGHT

Thailand's QR-First Payment Economy: A $35 Billion Digital Market

Thailand has built one of the world's most QR-centric payment ecosystems, fuelled by PromptPay national infrastructure, explosive e-commerce growth, and a tourism sector that brings tens of millions of international visitors annually. For tourists and locals alike, scanning a QR code is the default way to pay.

The Bank of Thailand's PromptPay scheme — launched in 2017 and now linked to every major bank — created a universal addressing layer using mobile numbers and national ID numbers. ThaiQR, the standardised merchant QR format, appears at street food stalls, luxury malls, beach vendors, and hotel front desks across the kingdom. Mobile banking apps from SCB, KBank, Bangkok Bank, and Krungthai dominate daily finance, with TrueMoney and Rabbit LINE Pay capturing significant e-wallet share among younger urban users.

What are payment method trends in — Thailand

Industries We Serve

Remittance & Payroll

Seamless global payouts and payroll with fast settlements, multi-currency support, and full compliance.

Remittances

Send money home with local settlement, transparent fees, and no banking delays.

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Payroll

Run global payroll with multi-currency support, local banking, and compliance coverage.

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TESTIMONIALS

What Businesses Say About Us

TransFi has completely simplified how we move funds across borders. The speed, transparency, and reliability are unmatched - it feels like the future of global payments is already here.

COUNTRY FAQS

Frequently asked questions about payments in Thailand

What is PromptPay and how does it work for merchants in Thailand?

PromptPay is Thailand's national instant payment system, linking mobile numbers and national ID numbers to bank accounts across all licensed Thai banks. Merchants collect payments by displaying a ThaiQR code linked to their PromptPay ID or by providing their registered mobile number for direct transfer. Payments confirm in real time, 24/7. TransFi generates dynamic PromptPay QR codes at checkout and handles payment confirmation automatically — international merchants do not need a Thai bank account or PromptPay registration.

Why is ThaiQR acceptance critical for doing business in Thailand?

Over 90% of Thai merchants accept ThaiQR, making it the de facto standard for in-person and mobile payments nationwide. Thai consumers expect to pay by scanning a QR code — offering only card or international wire payment creates friction that directly impacts conversion. TransFi's ThaiQR integration is compatible with every major Thai banking app and e-wallet, ensuring your checkout works for the entire PromptPay ecosystem from a single integration.

Do I need a Thai company registration to accept payments through TransFi?

No. TransFi operates through established local partnerships and licensing arrangements, allowing international businesses to accept PromptPay, ThaiQR, mobile banking, and e-wallet payments without incorporating in Thailand. Settlement is available in THB or converted to your preferred currency. This is particularly valuable for tourism operators, global SaaS companies, and marketplaces entering Thailand without the cost and timeline of local entity setup.

How does TransFi support businesses serving Thailand's tourism economy?

Tourism-facing businesses need payment methods that work for Thai domestic customers and international visitors alike. TransFi supports ThaiQR and PromptPay for local payers while also enabling card and cross-border payment options for tourists. Dynamic QR codes work on any smartphone camera, and payment confirmation is instant — critical for hotels confirming bookings, tour operators issuing vouchers, and restaurants processing table payments during peak dining hours.

What are settlement timelines for Thai payment methods?

PromptPay and ThaiQR transactions confirm in real time, with settlement to your TransFi balance typically within one business day. Mobile banking payments follow similar timelines aligned with Thai banking hours. TransFi provides itemised reconciliation reports matching each transaction to your order references, supporting finance teams that need to report THB revenue for tax, transfer pricing, or multi-currency treasury management.

How does TransFi handle Bank of Thailand regulatory compliance?

TransFi's Thai payment operations comply with the Payment Systems Act, anti-money laundering regulations, and Bank of Thailand guidelines for payment service providers and e-money operators. Transaction monitoring, customer due diligence, and regulatory reporting are managed within the platform. Merchants benefit from this compliance infrastructure without navigating Thai regulatory filings, BOT licence applications, or direct relationships with individual Thai banks and the ITMX switching network.

Which Thai payment methods should I prioritise for an online business?

Start with PromptPay/ThaiQR and mobile banking redirects — together they cover the vast majority of Thai online and mobile payments. Add TrueMoney and Rabbit LINE Pay to capture wallet-first and social-commerce audiences. For tourism businesses, ensure QR codes render correctly on mobile browsers since most Thai travellers and domestic tourists pay via phone camera scan. TransFi presents all methods from one integration, so prioritisation is a UX decision rather than a technical constraint.