Launching payments in Thailand: the stack

By Polynopsis team · Last updated 29 October 2026

Paying out in Thailand means crediting baht to Thai bank accounts or e-wallets through a commercial bank or a Ministry of Finance licensed money transfer agent, with PromptPay running 24/7 and BAHTNET settling high-value transfers on working days only. Cross-border payment companies typically use payout networks such as Nium, Thunes, dLocal or Airwallex, hold baht in a Non-resident Baht Account at a Thai bank (capped at THB 200 million at the end of each day unless the BOT's NRQC scheme applies), and can trade USDT and USDC against baht on SEC-licensed exchanges such as Bitkub and Orbix.

Currency	THB
Local payout rails	PromptPay, BAHTNET
Holiday calendar	Thailand bank holidays 2026 and 2027

The Thailand market

Thailand received US$11.90 billion in personal remittances in 2025, equal to 2.06% of GDP, up from US$9.46 billion in 2024 (World Bank data, last updated 8 October 2026). source
Sending the equivalent of US$200 cost 5.04% on average from the United Kingdom to Thailand (25 services surveyed) and 7.47% from the United States (27 services) in Q3 2025, according to the World Bank's Remittance Prices Worldwide dataset. source
Thais made 651 digital payment transactions per person in 2024, 95% of PromptPay transactions were below THB 5,000, and the average PromptPay transaction was THB 480 (Bank of Thailand, 2026). source
PromptPay processes up to 95 million transactions a day at peak (Bank of Thailand, July 2026). source
PromptPay launched in 2016 and lets users receive transfers by citizen ID, mobile number or account number; under the standard fee table transfers up to THB 5,000 are free. source
The PromptPay-PayNow link with Singapore lets customers of participating banks send up to SGD 1,000 or THB 25,000 a day using the recipient's mobile number. source

Licensing: who can pay out in Thailand

Purchases, sales, exchanges and transfers of foreign currency must go through persons granted foreign exchange licences by the Minister of Finance, such as commercial banks with foreign exchange licences, authorized money changers and authorized money transfer agents. Foreign currencies or baht can be transferred into Thailand without limit. source
An international money transfer agent licence requires a Thai-registered limited or public limited company with fully paid-up capital of at least THB 100 million, Thai shareholding of at least 25% and at least one Thai director with control or management authority; the Ministry of Finance and the BOT decide within 60 working days of a complete application. source
The SEC's list of licensed digital asset exchanges (crypto, non-securities companies) includes Bitkub Online, GMO-Z.com Cryptonomics (Thailand), Gulf Binance, Orbix Trade, Upbit Exchange (Thailand) and Waan Exchange. source
From 16 March 2025 the SEC added USDC and USDT to the cryptocurrencies that digital asset exchanges can use as base trading pairs. source
Transfers to non-residents for payments associated with digital assets need prior BOT approval, and payments in foreign currencies among residents associated with digital assets are not allowed. source

This page explains the rules in general terms and is not legal or regulatory advice. Check the primary source and take advice on how the rules apply to your firm.

Payout rails in Thailand

Rail	Operator	What matters for payouts	Source
PromptPay	National ITMX, overseen by the Bank of Thailand	Thailand's fast payment system, operating 24 hours a day every day including weekends and public holidays, with commercial banks as the main service providers.	source
BAHTNET	Bank of Thailand	Real-time gross settlement system for high-value baht transfers, with operating hours of 8.30 to 17.30 on every working day of financial institutions.	source

The Thailand payments stack, layer by layer

The providers below are a starting shortlist for each layer, described from their own documentation. Confirm terms, coverage and licences with each provider.

Payout and collection partners

Provider	What it does in Thailand	Source
Nium · our guide	Pays out THB to bank accounts in real time at PromptPay International enabled banks (including Bangkok Bank, Kasikorn Bank, Krung Thai Bank and Siam Commercial Bank) and same day to other banks through BAHTNET with a 14.30 local cut-off, up to THB 1,999,999 per transaction at Kasikorn Bank, Siam Commercial Bank, CIMB Thai and Bangkok Bank and below THB 500,000 elsewhere.	source
Airwallex	Local THB payouts over PromptPay with a flight time of 0 to 1 business days and a THB 500,000 transaction limit (THB 1,500,000 to KBank), plus SWIFT payouts in THB and 21 other currencies.	source
dLocal · our guide	Payouts V3 sends bank transfers in THB or USD for B2C, B2B and P2P flows, and instant wallet transfers to TrueMoney wallets by mobile number.	source
Thunes · our guide	Its pay network lists Thailand for bank account payouts.	source
TerraPay · our guide	Its network page lists Thailand among its Asia Pacific payout markets.	source

Local banking and settlement accounts

Provider	What it does in Thailand	Source
Krungsri (Bank of Ayudhya) NRBA	Offers Non-resident Baht Accounts to foreign juristic persons for trade and services; balances across all NRBAs at all Thai banks are capped at THB 200 million at end of day, deposits and withdrawals are available only before 15.30, and deposits of USD 200,000 or more need evidence of the source of baht.	source
Kasikornbank (Global Inward)	Receives international transfers into KBank baht or foreign currency accounts under SWIFT code KASITHBK; inbound amounts of US$50,000 or more need supporting documents from the recipient.	source
Bangkok Bank (PromptPay International)	Receives money from Singapore 24/7 into accounts registered for PromptPay by mobile number via the PayNow link from UOB, DBS and OCBC, with no receiving fee and up to THB 25,000 per sender per day in the first phase.	source

Stablecoin ramps and exchanges

Provider	What it does in Thailand	Source
Bitkub	Bitkub Online is an SEC-regulated exchange offering enterprise accounts built for brokerages, connected to more than 18 Thai banks for baht.	source
Orbix Trade	SEC-licensed digital asset exchange of the Kasikornbank financial group; its API supports THB deposit and withdrawal and orders on the usdt_thb pair.	source
Binance TH (Gulf Binance)	Gulf Binance is SEC-licensed; Binance TH lists a USDT/THB trading pair and credits THB from crypto sales.	source

FX and liquidity

Provider	What it does in Thailand	Source
Onshore FX market (managed float)	Thailand has run a managed float since 2 July 1997: the baht is set by market forces and the BOT does not target a level, but can intervene against excessive volatility.	source
BOT reference rate	The BOT's reference rate is the weighted average of interbank USD/THB purchases and sales of US$1 million or more, released at 18:00 Bangkok time on each working day.	source
Non-resident Qualified Company (NRQC) scheme	Since September 2023 non-residents providing cross-border payment services can join the NRQC scheme, trading baht with onshore banks without supporting documents for each transaction and managing baht liquidity in NRBAs without the end-of-day balance limit.	source

KYC and KYB providers

Provider	What it does in Thailand	Source
NDID (National Digital ID)	Licensed digital identity exchange platform connecting relying parties to authoritative sources, including Department of Provincial Administration national ID card status checks and Department of Business Development corporate information.	source
Didit	Verifies the Thai National ID Card and ThaID with face match and cross-checks name, date of birth and 13-digit ID against the DOPA civil registry (about 90% adult coverage, by its own figures).	source
Know Your Customer	KYB API retrieving Thai company records live from the DBD Datawarehouse, including controlling parties, shareholders and registry documents such as the list of shareholders.	source

Bank data and open banking

Provider	What it does in Thailand	Source
Your Data (Bank of Thailand)	A BOT regulation of 30 October 2025 requires financial service providers to let users share deposit, loan and payment data with other BOT-supervised providers, starting with individual deposit account data by the end of 2026 and expanding in 2027 and 2028.	source

Funding and prefunding THB payouts

Onshore banks must keep each non-resident's end-of-day balance at no more than THB 200 million across all its NRBAs (and separately its NRBSs) at onshore banks, and do not pay interest except on fixed NRBAs of six months or more, under rules effective 1 December 2025. source
Non-residents providing cross-border payment services can join the NRQC scheme, which lifts the NRBA end-of-day limit and removes per-transaction supporting documents for baht transactions with onshore banks. source
BAHTNET runs 9 hours a day, 5 days a week, so PromptPay obligations that clear after its window sit unsettled overnight, which the BOT puts at roughly THB 7.8 billion of settlement risk per night. The BOT plans a staged extension of BAHTNET hours towards 24/7. source
Anyone buying, selling, depositing or withdrawing foreign currency with an authorized bank must report transaction details, and for amounts of USD 200,000 or more the bank requests supporting documents unless it has completed Know Your Business checks on the customer. source
Nium routes payouts to banks outside PromptPay International through BAHTNET for same-day delivery subject to a 14.30 local cut-off, so those payouts follow BAHTNET working days rather than PromptPay's 24/7 schedule. source

Size the prefund to your runway target with the corridor runway calculator and the Thailand holiday calendar.

Launch checklist

Plan: launch volume, the prefund sized to your runway target including weekends and holidays, the contracting entity and the funding route.
Open accounts: shortlist payout partners and a local banking route from the layers above, and prepare the onboarding pack.
Set up: read access to every new balance, a runway target with alerts, and the corridor in your daily reports.
Go live: the first prefund and a test payout, then daily monitoring.

Polynopsis turns this into one plan with named approvals, then shows every Thailand partner, bank and wallet in one live position. See how a corridor launch works.

Frequently asked questions

Who can pay out inbound remittances in Thailand?

Foreign exchange licensees appointed by the Minister of Finance: commercial banks with foreign exchange licences and authorized money transfer agents, which need a Thai company with at least THB 100 million paid-up capital.

Can a foreign payment company hold baht in Thailand?

Yes, in a Non-resident Baht Account, but end-of-day balances are capped at THB 200 million per non-resident across all onshore banks. Cross-border payment service providers in the BOT's NRQC scheme are exempt from that limit.

When do Thai payment rails run?

PromptPay runs 24/7 including weekends and holidays. BAHTNET operates 8.30 to 17.30 on working days, and the BOT plans to extend its hours in stages.

Are USDT and USDC usable in Thailand?

They can be traded as base pairs on SEC-licensed digital asset exchanges since 16 March 2025, but transfers abroad for payments associated with digital assets need prior BOT approval.

Is there open banking for reading Thai account balances?

The BOT's Your Data regulation of October 2025 starts with individual deposit account data sharing by the end of 2026, among BOT-supervised providers only.

Other markets

Sources

Know where all your money is.

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About Polynopsis

Polynopsis is liquidity management software for cross-border payment companies. The name joins poly, many, and synopsis, a seeing together: one live view of money spread across many banks, payout partners, exchanges and stablecoin wallets, including money in flight, with a warning before any corridor runs dry.

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