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Thai QR

Revolutionising Digital Transactions in Thailand

Thai QR Code Payments is an innovative digital payment method that has transformed the way transactions are conducted in Thailand. This method leverages QR (Quick Response) codes to facilitate seamless and secure payments, enabling users to make purchases and transfers using their mobile devices.

Documentation
% of coverage
  • Country

    Originating from Thailand

  • Population

    70 million (estimated)

  • Number of Internet users

    61 million users (estimated)

  • Popular Payment Methods

    Bank transfers, e-wallets, credit and debit cards, cash payments​

% of coverage
  • Credit Card

    16%

  • Debit Card

    12%

  • E-Wallets

    29%

  • Cash payments

    28%

  • Bank Transfers

    12%

  • Other

    3%

Payment Method Overview
  • Type:QR Code Payment Solution
  • Currency:Thai Baht (THB)
  • % of coverage: 85% of banks and merchants in Thailand (estimated)
  • Money transfers to date: 1.3 billion (estimated)
  • Total customers:> 17 million (estimated)
  • Refunds:Yes, per bank policies
  • Chargebacks:Yes, allowed under dispute scenarios​

About payment system

Thai QR Code Payments simplify the transaction process by replacing the need for physical cash or cards. Users can use their smartphones to scan QR codes displayed by merchants, initiating payment directly from their linked bank accounts or mobile wallets. This streamlined approach eliminates the need for physical interactions and enhances the speed and convenience of transactions.

Apart from retail payments, Thai QR Code Payments are widely used for bill payments, peer-to-peer transfers, and various financial transactions. Users can pay for products and services across different sectors, including retail, dining, transportation, and more.

The significance of Thai QR Code Payments lies in its role in promoting financial inclusion and digitization in Thailand. By embracing digital payment technology, Thailand’s financial landscape is becoming more accessible to a wider population, including those who previously had limited access to formal financial services.

The emphasis on security, user experience, and innovation is evident in the secure encryption methods used to protect transactions, the ease of scanning QR codes, and the convenience for both users and merchants. As Thai QR Code Payments continue to gain popularity and adoption, they contribute to reshaping Thailand’s payment ecosystem, offering users greater convenience, financial empowerment, and a seamless payment experience.

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Payment flow

The customer selects Visa as their payment option and enters their credit card details to complete the payment.

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