Subscribe
News
|
Interviews
|
Voice of the Industry
|
Watch & Learn
|
Reports
Cross Border Ecommerce Research
Company Database
|
Events
Facts & Figures
|
Payment Methods
|
Fraud Prevention
|
Service Providers
Facts & Figures
|
Payment Methods
|
Fraud Prevention
|
Service Providers
Select a country in
- choose a country -
Preferred Payment Methods in
Thailand
Main card schemes and alternative payment methods in Thailand
Read below about payment methods And how to increase conversion by offering the most convenient online payment methods when selling goods online in Thailand
Download report on Cross-border Ecommerce - thailand
Download report on thailand
Domestic and Preferred Card Schemes
• Visa is the preferred credit card scheme in Thailand, with a market share of 54.8%.
Alternative Payment Methods
• An over-the-counter payment system was created for consumers to make payments via QR codes at participating system locations. When using this payment method, a shopper receives a barcode via email and must pay for the product at the physical location.
• Cash-on-delivery as a payment method was first introduced by Zalora, one of the largest online merchants in Thailand. The introduction of this payment method was a real game changer, asmost of Thailand’s largest online fashion stores offer this popular payment method. Payment gateways like PaysBuy, Unitry, Codapay and True Money provide opportunities to pay for goods in cash. Payment is done directly to the courier upon delivery.
• Bank transfer is the most preferred online payment method in Thailand. Around 78% of the Thai population has a bank account with a formal financial institution. The largest of these are Bangkok Bank, Siam Commercial Bank, Krung Thai Bank and Kasikornbank. Bank transfers are considered to be a quick and common way to pay for everything, from flight tickets to online game credits.
• Around 4.8% of online buyers in the country use e-wallets as their preferred online payment method. Out of these, PayPal is by far the most popular (4.2% out of 4.8%).
Download report on Cross-border Ecommerce - thailand
Download report on thailand
Top Stories
/
Most Read
FinMont partners with Ubank Connect
Published 10:32 | World |
News
Ramp secures USD 150 million in Series D-2 round
Published 09:59 | United States |
News
F92 and Tandem Bank help spread financial literacy
Published 09:49 | United Kingdom |
News
Bankjoy partners with Pinwheel
Published 08:08 | United States |
News
Toku secures USD 9.3 million in funding
Published 18 Apr | Latin America |
News
:::
more news
Klarna to launch its credit card in the US
Published 18 Apr | United States |
News
Cogo and Personetics join forces
Published 18 Apr | World |
News
URBN joins forces with Stripe
Published 18 Apr | United States |
News
Waave launches 'Wallet' with biometric access for Pay by Bank
Published 18 Apr | Australia |
News
Google Wallet to launch in India
Published 18 Apr | India |
News
:::
more news
Interviews
16 Apr
Presenting crypto payments trends – a CoinsPaid perspective
15 Apr
Key ecommerce and payments trends in 2024
11 Apr
AML/sanctions compliance: A vital lifeline for Banking-as-a-Service partnerships' survival
10 Apr
The agility of the Electronic Money Institution: paving the way for instant, low-cost payments around the globe
9 Apr
Countdown to IFGS 2024: Unveiling trends shaping fintech's next decade
:::
more interviews
Voice of the Industry
09:16
Navigating the ISO 20022 migration: Insights and strategies
18 Apr
The threats and opportunities of the AI revolution in compliance
18 Apr
Frictionless payments: adopting technological advancements to tackle security concerns
12 Apr
Shaping the future of the payments industry: key insights from MPE 2024
12 Apr
A bumpy road to becoming an open identity infrastructure: MOSIP Connect 2024 in retrospect
:::
more voices
Free Headlines
:::
subscribe now
RSS
:::
follow ThePaypers via RSS
:::
connect
LinkedIn
:::
connect with ThePaypers on LinkedIn
:::
connect
Twitter
:::
follow ThePaypers on Twitter
:::
follow
Facebook
:::
like ThePaypers on Facebook
:::
like