Thailand Banks
Bank transfer is a popular, trusted payment method in Thailand and supported banks include the top-ve banks: Bangkok Bank, Kasikorn Bank, Krungsri Bank, Krung Thai Bank and Siam Commercial Bank. Consumers pay for e-commerce purchases directly through a real-time bank transfer by logging into their online banking and authorising the payment with a one-time passcode.
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Get in touchWhy Thailand Banks
Bank account penetration in Thailand is strong. Currently, 84% of the country’s adult population has a bank account (PPRO Almanac).
Thailand has one of the highest rates of Internet penetration in Southeast Asia: bank transfer is the most popular form of online payment, with a 37% market share (PPRO Almanac)
Thai cross-border e-commerce is valued at US$ 5 billion which makes up 7% of the Thai e- commerce market. The most popular markets are China, Japan and the United States (PPRO Almanac).
Specifications
Coverage
Currencies
Features
How it works
At checkout, the consumer selects their bank of choice for payment
The consumer redirects to their online bank and logs in
The consumer reviews the transaction and selects which account to use (additional SCA may be required)
Payment is confirmed by the bank, and the transaction status is communicated to the merchant