Thailand Launches TouristDigiPay Crypto Payment System for International Travelers

Thailand has launched the TouristDigiPay program on August 18, 2025, positioning itself as a pioneer in the integration of cryptocurrency within the tourism sector [2]. The initiative allows international tourists to convert their digital assets into Thai baht for seamless QR code payments at participating merchants, bypassing traditional forex channels [1]. This marks a strategic shift toward embracing Web3 technologies and aligning with global trends in digital finance.

The program is implemented under a regulatory sandbox framework, overseen by the Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT) [2]. It mandates strict Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to mitigate risks associated with digital transactions [1]. Tourists must open accounts with licensed e-money providers, with monthly spending limits set between 50,000 and 500,000 baht, depending on the type of merchant [2]. These controls reflect a global trend—80% of crypto-related financial crimes are attributed to weak identity verification, according to a 2023 IMF report [1].

The initiative is a direct response to the 20% drop in Chinese visitors in 2025 and aims to attract a new wave of tech-savvy travelers [2]. By streamlining crypto-to-local-currency payments, Thailand hopes to enhance the convenience and flexibility of travel spending, thereby boosting post-pandemic tourism and economic recovery [1]. The "Tourist Wallet," developed by the Bank of Thailand, further enhances the user experience by enabling QR-based transactions [2].

While the program is already operational in major tourist hubs, its long-term success will depend on merchant adoption and the simplicity of the user experience [3]. Analysts highlight the need for robust onboarding and training for local businesses to ensure the system functions smoothly [1]. If executed effectively, Thailand could see an increase in Web3 enthusiasts visiting the country, potentially driving a 10–15% rise in crypto-related tourism spending, as noted in a 2024 SEC report [2].

The launch of TouristDigiPay not only reflects Thailand’s ambition to lead in digital innovation within Southeast Asia but also sets a benchmark for other countries considering similar initiatives [1]. As the world continues to explore the role of blockchain in economic development, Thailand’s bold step could inspire a new era of crypto-integrated travel and tourism [3].

Source:

[1] Thailand to Boost Tourism with Cryptocurrency Conversion (https://fintechreview.net/thailand-to-boost-tourism-with-cryptocurrency-conversion/)

[2] Thailand's New Crypto-Based Payment System Aims To ... (https://www.travelandtourworld.com/news/article/thailands-new-crypto-based-payment-system-aims-to-capture-the-attention-of-tech-savvy-travelers-and-driving-tourism-boom/)

[3] Thailand Crypto Payment Scheme TouristDigiPay to Launch August 18 (https://www.coinlive.com/news-flash/872786)