Crisis Management for a Conflict with North Korea

This is the best North Korea conflict crisis support available today. Predict, plan, build, prepare, train, and test in the right way.

Learn more about our NK Crisis Toolkit here

ก้าวสำคัญธนาคารกรุงไทย จับมือ Alipay รองรับนักท่องเที่ยวจีน ขับเคลื่อน Money movement ecosystem

Krungthai Bank's Significant Step: Partnering with Alipay to Support Chinese Tourists and Drive the Money Movement Ecosystem

Thai Post | Local Language | News | Dec. 12, 2025 | UndeterminedBizdev-Partnering

Krungthai Bank, a leading Thai financial institution, continues to advance its digital and financial innovation strategies aligned with its mission to support sustainable development in Thailand. The bank’s Krungthai Travel Card, which supports spending in up to 20 currencies with no foreign exchange fees and global cash withdrawals, is positioned to meet the growing demand of Thai travelers. Recently, Krungthai Bank led a delegation of journalists to Hangzhou and Shanghai, China, to showcase the effectiveness of its travel payment solutions and to learn from China’s advanced cashless society and technology ecosystem centered around Alibaba Group and its Alipay platform.

Recognizing that Chinese tourists are a significant market in Thailand, Krungthai Bank has partnered with Alipay (Ant International) to launch a Cross-Border QR Payment system between Thailand and China as of 30 October 2025. This service enables Chinese tourists to pay directly in Thai stores using Alipay, WeChat Pay, and UnionPay by scanning PromptPay QR codes without any transaction fees. The initiative simplifies transactions for tourists and opens new opportunities for small merchants and SMEs in Thailand by facilitating real-time baht payments and eliminating previous fee structures, thereby expanding the tourism economy and digital payment infrastructure.

Currently, over 2.6 million Thai merchants using the “Thung Ngern” app participate in the cross-border payment network, benefiting from convenient income tracking and instant fund transfers. This system reduces risks associated with cash handling and broadens participation to small vendors nationwide. The expansion of this cross-border digital payment ecosystem supports Thailand’s position as a digitally-ready economy while fostering financial inclusion and tourism-related revenue distribution to local communities. Krungthai Bank’s initiative exemplifies its commitment to integrating financial institutions, technology, consumers, and merchants under the Money Movement ecosystem framework.

New Developments

South Korea Technology & Innovation | Dec. 11, 2025

South Korea Unveils National Strategy to Lead Global AI Semiconductor Race

Geopolitics & Defense | Dec. 11, 2025

US Approves Nvidia H200 AI Chip Exports to China in Strategic Shift of Semiconductor Policy

Japan Competitiveness | Dec. 11, 2025

Apple’s Strategic AI Spending Reshapes Market Leadership and Investor Sentiment

Governance & Law | Dec. 11, 2025

Japan Moves Forward with Maiden Name Usage Reforms for Married Couples

China Technology & Innovation | Dec. 11, 2025

Shanghai Robotics Summit Showcases Breakthroughs in Humanoid Automation and Industry Investment

Technology & Innovation | Dec. 11, 2025

China’s Chip Export Surge Drives Foreign Trade Rebound amid US Tariffs

Taiwan Financial System | Dec. 11, 2025

Taiwanese Stock Market Rallies on AI Smart Glasses Surge

Geopolitics & Defense | Dec. 11, 2025

Nvidia H200 Export Approvals and Enforcement Actions Reshape US-China AI Chip Trade

India Non-Interstate Conflict & Security | Dec. 11, 2025

NIA Cracks Down on Jaish-e-Mohammed Cell After Deadly Red Fort Car Bombing

Governance & Law | Dec. 11, 2025

Supreme Court Clarifies Citizenship Application Under CAA and Electoral Roll Procedures

Vietnam Environment | Dec. 11, 2025

Severe Weather System Triggers Flood and Storm Warnings in Khánh Hòa Province

Infrastructure & Urbanization | Dec. 11, 2025

Fatal Expressway Collision Highlights Gaps in Enforcement and Rest-Stop Infrastructure