# Krungthai NEXT

> Source: https://docs.barcoder.ai/docs/wallets/krungthai-bank
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Krung Thai Bank — official](https://www.krungthai.com/)

## Overview

**Krungthai NEXT** is Krung Thai Bank's mobile banking app + **Thailand's state-controlled bank** + **PaoTang Thai government benefits platform** + **QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT** <sup>[1][1], [2][2], [Thailand report](https://docs.barcoder.ai/docs/payments/TH)</sup>. **Thailand's state-controlled bank** + **Krung Thai Bank one of Thailand's Big-4 commercial banks** (Bangkok Bank + Krungthai Bank + Siam Commercial Bank + Kasikornbank); **PaoTang Thai government benefits platform** distinctive Thai state benefits delivery; **QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT** distinctive Thai-Laos cross-border banking; **1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank** post-Thai state banking consolidation.

**Distinctive Krungthai NEXT positioning**:
- **Thailand's state-controlled bank** (Thai government Vayupak Fund + Crown Property Bureau majority controlling)
- **Krung Thai Bank one of Thailand's Big-4 commercial banks** (Bangkok Bank + Krungthai Bank + Siam Commercial Bank + Kasikornbank)
- **PaoTang Thai government benefits platform** distinctive Thai state benefits delivery
- **QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT** distinctive Thai-Laos cross-border banking
- **1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank** post-Thai state banking consolidation
- **1989 Krung Thai Bank IPO on SET** post-Thai banking modernization
- **Krungthai NEXT Thai QR + PromptPay + Lao QR full support** + cross-border Thai-Laos QR

## History

**1966 — Krung Thai Bank founded by Thai government merger of Agricultural Bank + Mong Khol Thai Bank** as Thai state-controlled commercial bank.

**1989 — Krung Thai Bank IPO on SET (Stock Exchange of Thailand)**.

**2018 — Krungthai NEXT mobile banking app launches** as Thai mobile-first state banking.

**2020 — PaoTang Thai government benefits platform launches** post-COVID-19 Thai government benefits distribution.

**2022 — QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT launch** <sup>[1][1], [2][2]</sup>.

## Ownership & operator

**Operating entity**: **Krung Thai Bank PCL** (SET: KTB; Thai government Vayupak Fund + Crown Property Bureau majority controlling).

**Major shareholders**: **Thai government Vayupak Fund + Crown Property Bureau majority controlling + Thai institutional + retail + foreign investors**.

**Regulator**: **BOT (Bank of Thailand)**.

## Technical integration

Krungthai NEXT mobile banking app (iOS + Android) + krungthai.com online + Krung Thai Bank branch network Thailand + Krung Thai Bank Visa + Mastercard cards; Thai QR + PromptPay + Lao QR (cross-border); **PaoTang Thai government benefits platform** distinctive Thai state benefits delivery + **QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT** distinctive Thai-Laos cross-border banking.

## Users & growth

Thailand's state-controlled bank + Krung Thai Bank one of Thailand's Big-4 commercial banks + PaoTang Thai government benefits platform distinctive Thai state benefits delivery.

## Use cases

Thai retail + private + SME + commercial + state benefits banking via Krungthai NEXT mobile + krungthai.com online + Krung Thai Bank branch network + Visa/Mastercard cards + PaoTang Thai government benefits platform; Thai QR + PromptPay + Lao QR (cross-border); **QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT** distinctive Thai-Laos cross-border banking.

## Implementations & partners

**Operator**: Krung Thai Bank PCL (SET: KTB; Thai government Vayupak Fund + Crown Property Bureau majority controlling); Thai government Vayupak Fund + Crown Property Bureau majority controlling + Thai institutional + retail + foreign investors.

**Cross-border Thai-Laos partnership**: **QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT** with **BCEL (Banque pour le Commerce Exterieur Lao Public)** Lao state-controlled bank distinctive Thai-Laos cross-border banking.

**Thai government benefits platform**: **PaoTang Thai government benefits platform** distinctive Thai state benefits delivery (COVID-19 relief + welfare benefits + state subsidies + Half-Half program + Khon La Khrueng program + Tour Theaw Thai program).

**Major Thai banking competitors**: Bangkok Bank (Thailand's largest commercial bank by assets) + [Kasikornbank K PLUS](https://docs.barcoder.ai/docs/wallets/kasikorn-bank) (Thailand's #1 mobile banking app by market share; 22.2M+ K PLUS users; 17M Active App Users + 15M MAU; 1 in 3 Thai online transactions on K PLUS; 2025 China + Vietnam + Indonesia expansion) + Siam Commercial Bank (SCB; Thai royal-backed banking heritage) + TMBThanachart Bank (Thai post-merger banking) + Krungsri (Bank of Ayudhya; MUFG Japanese parent ~76%) + CIMB Thai (Malaysian CIMB Thai subsidiary) + [TrueMoney](https://docs.barcoder.ai/docs/wallets/truemoney) (Thai dominant mobile wallet; CP Group + Ant Financial) + Rabbit LINE Pay (Thai LINE-anchored mobile wallet).

**Regulator**: BOT.

## Fun facts

- **Thailand's state-controlled bank** (Thai government Vayupak Fund + Crown Property Bureau majority controlling).
- **Krung Thai Bank one of Thailand's Big-4 commercial banks** (Bangkok Bank + Krungthai Bank + Siam Commercial Bank + Kasikornbank).
- **PaoTang Thai government benefits platform** distinctive Thai state benefits delivery (COVID-19 relief + welfare benefits + state subsidies + Half-Half program + Khon La Khrueng program + Tour Theaw Thai program).
- **QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT** distinctive Thai-Laos cross-border banking.
- **1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank** post-Thai state banking consolidation.
- **1989 Krung Thai Bank IPO on SET** post-Thai banking modernization.
- **Krungthai NEXT Thai QR + PromptPay + Lao QR full support** + cross-border Thai-Laos QR.

## Comparison

| Feature | Krungthai NEXT | [Kasikornbank K PLUS](https://docs.barcoder.ai/docs/wallets/kasikorn-bank) (Thailand's #1 mobile banking app by market share rival; 22.2M+ K PLUS users) | Bangkok Bank (Thailand's largest commercial bank by assets rival) | Siam Commercial Bank (SCB; Thai royal-backed banking heritage rival) | [TrueMoney](https://docs.barcoder.ai/docs/wallets/truemoney) (Thai dominant mobile wallet rival; CP Group + Ant Financial) |
|---|---|---|---|---|---|
| Operator | **Krung Thai Bank PCL (SET: KTB; Thai government Vayupak Fund + Crown Property Bureau majority controlling)** | Kasikornbank PCL (SET: KBANK; one of Thailand's Big-4 commercial banks) | Bangkok Bank PCL (SET: BBL; one of Thailand's Big-4 commercial banks) | Siam Commercial Bank PCL (SET: SCB; one of Thailand's Big-4 commercial banks) | TrueMoney (CP Group + Ant Financial JV) |
| Type | **Thailand's state-controlled bank + Krung Thai Bank one of Thailand's Big-4 commercial banks + Krungthai NEXT mobile banking + PaoTang Thai government benefits platform distinctive Thai state benefits delivery + QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT** | K PLUS Thailand's #1 mobile banking app by market share + 22.2M+ users + 17M Active App Users + 15M MAU + 1 in 3 Thai online transactions on K PLUS + 2025 China + Vietnam + Indonesia expansion | Thailand's largest commercial bank by assets + Bangkok Bank Mobile Banking | Thai royal-backed banking heritage + SCB EASY mobile banking | Thai dominant mobile wallet + CP Group + Ant Financial JV |
| Country | TH + LA (Krungthai NEXT cross-border PromptPay-LaosQR) | TH + CN + VN + ID + KH + LA + MM | TH + 14 countries (Asia + US + UK) | TH | TH + VN + MM + KH + ID + PH |
| Distinctive | **1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank; 1989 Krung Thai Bank IPO on SET; 2018 Krungthai NEXT mobile banking app launch; 2020 PaoTang Thai government benefits platform launch (post-COVID-19); 2022 QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT launch** | 1945 Kasikornbank founding as Thai Farmers Bank by Choti Lamsam; 2014 K PLUS mobile banking app launch; 22.2M+ K PLUS users + 17M Active App Users + 15M MAU; Kasikorn Vision Information Technology Shenzhen + Kasikornbank Vietnam + Bank Maspion Indonesia 67% stake acquisition | 1944 Bangkok Bank founding; Thailand's largest commercial bank by assets; 14-country international branch network distinctive Thai international banking | 1907 Siam Commercial Bank founding (Thailand's first Thai-owned bank); Thai royal-backed banking heritage; SCB EASY mobile banking | 2003 TrueMoney founding by CP Group; 2016 Ant Financial investment; Thai dominant mobile wallet across Southeast Asia |

## Status

**Active, Thailand's state-controlled bank + Krung Thai Bank one of Thailand's Big-4 commercial banks + Krungthai NEXT mobile banking + PaoTang Thai government benefits platform** <sup>[1][1], [2][2], [3][3]</sup>:
- **Krung Thai Bank PCL (SET: KTB; Thai government Vayupak Fund + Crown Property Bureau majority controlling)** since 1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank + 1989 Krung Thai Bank IPO on SET + 2018 Krungthai NEXT mobile banking app launch + 2020 PaoTang Thai government benefits platform launch + 2022 QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT launch.
- **PaoTang Thai government benefits platform** distinctive Thai state benefits delivery.
- **QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT** distinctive Thai-Laos cross-border banking.
- **BOT regulated**.

## Sources

[1]: https://www.bot.or.th/en/our-roles/payment-systems.html "Payment Systems — Bank of Thailand"
[2]: https://www.krungthai.com/en/about-us "About us — Krung Thai Bank"
[3]: https://en.wikipedia.org/wiki/Krung_Thai_Bank "Krung Thai Bank — Wikipedia"
[th-cro]: https://docs.barcoder.ai/docs/payments/TH

- [1] [Payment Systems — Bank of Thailand][1]
- [2] [About us — Krung Thai Bank][2]
- [3] [Krung Thai Bank — Wikipedia][3]
- <sup>[Thailand report](https://docs.barcoder.ai/docs/payments/TH)</sup> In-corpus: `reports/countries/TH-thailand.md`

## Source

Biography extracted from [krungthai-bank.md](https://docs.barcoder.ai/source/wallets/krungthai-bank). See `matrix.md` for standards-support matrix if present.