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ARTICLE · 11 SEPTEMBER 2024

Fintech Insights: E-Payments In Thailand

Tilleke & Gibbins
Tilleke & Gibbins
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Tilleke & Gibbins

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In recent years, Thailand has witnessed a significant transformation in its financial landscape, particularly in the rapid adoption of financial technology (fintech).

ThailandTechnology
Athistha (Nop) Chitranukroh
Athistha (Nop) Chitranukroh
Pornpan Wichawut
Pornpan Wichawut
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In recent years, Thailand has witnessed a significant transformation in its financial landscape, particularly in the rapid adoption of financial technology (fintech). At the forefront of this evolution are electronic payment systems and services, which have revolutionized how individuals and businesses conduct financial transactions.

This transformation has been driven by both traditional financial institutions and alternative financial service operators. Overseeing this dynamic landscape are two primary regulators: the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC).

This article explores the development of electronic payment systems in Thailand, with a particular focus on the Payment Systems Act (PSA) of 2017 and its role in shaping the fintech ecosystem.

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