The Bank of Thailand (BOT) announced the launch of a Thailand–China cross-border QR payment linkage between Thai banks and three Chinese payment service providers, enabling Chinese users to pay at Thai merchants by scanning Thai QR codes. The initiative links the two countries’ instant retail payment systems through private-sector collaborations under BOT guidance. From 30 October 2025, users in China can use Alipay, UnionPay and WeChat Pay to scan Thai merchants’ QR codes issued by Bangkok Bank, Krungthai Bank, KasikornBank, Industrial and Commercial Bank of China (Thai), and Siam Commercial Bank, with Bangkok Bank and Krungthai Bank acting as Thai settlement banks for cross-border settlements. BOT positioned the linkage as supporting bilateral trade, investment and tourism, citing 8.8 million Thai and Chinese tourist trips between the two countries in 2024, and noted that its cross-border real-time payment collaboration has expanded to nine countries. BOT indicated that additional banks will be onboarded in the near future.
Bank of Thailand 2025-10-30
Bank of Thailand launches Thailand China cross-border QR payments linking Thai banks with Alipay UnionPay and WeChat Pay
The Bank of Thailand announced a Thailand–China cross-border QR payment linkage, allowing Chinese users to pay at Thai merchants using Alipay, UnionPay, and WeChat Pay. The initiative connects the countries' instant retail payment systems, with Bangkok Bank and Krungthai Bank as settlement banks. BOT highlighted the linkage's support for bilateral trade, investment, and tourism, and plans to onboard more banks soon.