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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.