Thailand has unveiled the new TouristDigiPay system, allowing foreign tourists to convert cryptocurrency into baht and use the QR PromptPay system for payments. This initiative aims to increase tourist flows and simplify payment options for travelers.
Launch of the TouristDigiPay System for Foreign Tourists
The TouristDigiPay system was launched on August 18, 2025, initiated by the Bank of Thailand and the Securities and Exchange Commission. Tourists must register with approved providers and undergo identity verification before using the system, targeting new traveler segments such as digital nomads and remote workers.
How TouristDigiPay Works
Once a tourist registers and links their wallet to an approved provider, they can transfer cryptocurrency into the Tourist Wallet, where funds are automatically converted into Thai baht. Merchants receive baht without needing to work directly with cryptocurrency, and the transaction process resembles that of local customers.
Impact on the Tourism Sector and Future of the System
Government forecasts for 2025 project approximately 35 million arrivals and close to $60 billion in tourism revenue. The TouristDigiPay system has the potential to significantly increase transaction volumes, benefiting both tourists and local merchants. However, the success of this initiative will depend on its integration into the broader financial system of the country.
The introduction of TouristDigiPay could be a crucial step for Thailand in the realm of digital payments, particularly in the tourism sector. However, the future of this initiative will hinge on its ability to attract users and meet the needs of both tourists and locals.
