# Thailand — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/TH
> extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## Summary

- **PromptPay** is the national instant payment system (2016)
- **75.9 million daily transactions** processed
- **77 million registrations** nationwide
- **Thai QR** standard (EMVCo-based, 2017)
- **92% of Thais** use digital payments

## Banking landscape

### Central Bank
- **Name:** Bank of Thailand (BOT)
- **Website:** https://www.bot.or.th/
- **Role:** Monetary policy, payment systems oversight

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | Bangkok Bank | Private | Bangkok Bank Mobile |
| 2 | Kasikornbank (KBank) | Private | K PLUS |
| 3 | Siam Commercial Bank | Private | SCB EASY |
| 4 | Krungthai Bank | State-owned | Krungthai NEXT |
| 5 | Bank of Ayudhya (Krungsri) | Private | KMA |

### Market Structure
- **30+ banks:** Connected to PromptPay via ITMX
- **State bank:** Krungthai Bank (government transactions)
- **Virtual banks:** Entering market in 2025
- **Digital-first:** K PLUS, SCB EASY leading apps

### 2024-2025 Performance
- 92% digital payment adoption
- 538 transactions per person annually
- Tourism driving cross-border growth

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| PromptPay | BOT/ITMX | Real-time P2P/P2M | Dominant |
| Thai QR | BOT | Unified QR | Active |
| BAHTNET | BOT | RTGS | Active |
| ITMX | Banks | Switch | Core infra |

### PromptPay Statistics (2024-2025)
- **77 million registrations**
- **75.9 million daily transactions**
- **538 transactions per person annually**
- **41.6% mobile payment market share**

### QR Payment Market
- 42.7% of 2024 transaction value via QR
- 60%+ of Thais use QR monthly
- No hardware investment required
- 8 ASEAN countries interoperable

---

## QR code standards

### Thai QR Standard

| Attribute | Value |
|-----------|-------|
| **Launch** | October 2017 |
| **Operator** | Bank of Thailand |
| **Format** | EMVCo-based with local customization |
| **Networks** | Visa, Mastercard, UnionPay integrated |

### Thai QR Features
- Single QR for all payment methods
- PromptPay integration
- Card network support (Visa/MC/UnionPay)
- Merchant-presented and customer-presented

### PromptPay QR Features
- Linked to phone number or citizen ID
- Real-time bank-to-bank transfers
- Fee-free for P2P
- Merchant acceptance nationwide

### Market Share (2024)

| Payment Method | Share |
|----------------|-------|
| PromptPay transfers | 41.6% |
| QR code payments | 42.7% (value) |
| Card payments | Remainder |

---

## Mobile payment apps

| App | Provider | PromptPay | Thai QR |
|-----|----------|-----------|---------|
| K PLUS | KBank | Yes | Yes |
| SCB EASY | SCB | Yes | Yes |
| Bangkok Bank | Bangkok Bank | Yes | Yes |
| Krungthai NEXT | Krungthai | Yes | Yes |
| TrueMoney | True | Yes | Yes |

### Bank App Leaders
- **K PLUS:** Kasikornbank's leading app
- **SCB EASY:** SCB's digital platform
- **Krungthai NEXT:** Government-linked
- **KMA:** Krungsri mobile banking

### E-wallets
- TrueMoney
- Rabbit LINE Pay
- ShopeePay
- GrabPay (closed in Thailand)

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [Thai QR](https://docs.barcoder.ai/docs/payments/TH/thai-qr) | Unified QR | EMVCo | Universal | [`thai-qr`](https://docs.barcoder.ai/docs/standards/thai-qr) |
| [PromptPay QR](https://docs.barcoder.ai/docs/payments/TH/promptpay-qr) | Payment QR | BOT | 77M registered | [`promptpay-qr`](https://docs.barcoder.ai/docs/standards/promptpay-qr) |
| [Cross-border](https://docs.barcoder.ai/docs/payments/TH/cross-border) | International | EMVCo | 8 countries | — |

## Sources

- [Bank of Thailand - PromptPay](https://www.bot.or.th/en/financial-innovation/digital-finance/digital-payment/promptpay.html)
- [BOT - Cross-Border Payment](https://www.bot.or.th/en/financial-innovation/digital-finance/digital-payment/cross-border-payment.html)
- [Transfi - Thailand Payment Rails](https://www.transfi.com/blog/thailands-payment-rails-how-they-work---promptpay-qr-transfers-the-rise-of-digital-banking)
- [Mastercard - Thailand Digital Economy](https://www.mastercard.com/global/en/news-and-trends/Insights/2024/transforming-thailand-to-a-digital-economy.html)
- [IconicThai - FinTech Thailand 2025](https://iconicthai.com/fintech-thailand-2025-digital-banking-virtual-banks-promptpay-market-analysis/)
- [Antom - PromptPay Docs](https://docs.antom.com/ac/antomop/promptpay)
- [World Bank - PromptPay Case Study](https://fastpayments.worldbank.org/sites/default/files/2021-09/World_Bank_FPS_Thailand_PromptPay_Case_Study.pdf)
- [Mordor Intelligence - Thailand Mobile Payments](https://www.mordorintelligence.com/industry-reports/thailand-mobile-payments-market)
- [DBS - PayLah Thailand](https://www.dbs.com.sg/personal/deposits/pay-with-ease/paylah-promptpay)
- [TAGTHAi - Easy Pay](https://www.tagthai.com/explore/p/payment-for-foreign-tourist-in-thailand)

## Full country report

[TH-thailand.md](https://docs.barcoder.ai/docs/payments/TH)