A Milestone in Thailand–China Digital Integration
The Bank of Thailand has officially launched the cross-border QR Code payment system, effective from 30 October 2025. Described as a significant step towards linking the instant retail payment systems of both countries, the initiative marks a leap forward in regional financial cooperation.The enhanced digital connection is expected to deliver major benefits to the tourism sector. In 2024, 8.8 million travellers journeyed between Thailand and China, making the two nations vital tourism partners. With seamless digital payments now widely available, spending, shopping and services are set to become faster, safer and more convenient for millions of visitors.
How the New QR Payment System Works
Chinese travellers can now use their preferred mobile payment apps—Alipay, WeChat Pay and UnionPay—to pay for goods and services across Thailand. By simply scanning a Thai QR Code displayed at participating merchants, transactions are completed instantly with no currency confusion or additional steps.The project is a collaboration between National ITMX Co., Ltd., three leading Chinese payment service providers and international settlement banks Bangkok Bank and Krungthai Bank. This strong multi-sector partnership ensures high security standards and a stable payment infrastructure across borders.
Five Thai Banks Lead the Rollout
In the initial phase, five major Thai banks have joined the cross-border payment network: Bangkok Bank, Krungthai Bank, Kasikornbank, ICBC (Thai), and Siam Commercial Bank. More financial institutions will be added in future phases, expanding coverage and convenience for both merchants and visitors.
The Bank of Thailand highlights that linked instant payment systems not only enhance the consumer experience but also open new business opportunities by enabling secure, efficient and low-cost transactions.
The Bank of Thailand highlights that linked instant payment systems not only enhance the consumer experience but also open new business opportunities by enabling secure, efficient and low-cost transactions.
A Step Toward a Digitally Connected Region
Thailand’s new collaboration with China forms part of a wider strategy to build a digitally integrated regional economy. The country has already established similar QR payment linkages with nine other nations, supporting the transition to a modern digital society and helping position Thailand as a leading hub for international travel and commerce.For Chinese travellers, the new system means smoother journeys and confidence in using familiar payment methods throughout Thailand’s cities, markets and tourist attractions. For Thailand, it signals another forward step in strengthening economic ties and improving visitor satisfaction.
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