Obtaining a payment operator license in Thailand

Obtaining a payment service provider license in Thailand is not just a formal procedure to enter the local market. It is also a strategic mechanism for building long-term and effective business activities in a rapidly evolving digital environment. Over the past few years, the demand for payment services in Southeast Asia has increased significantly. This growth is due to the rapid rise of e-commerce, active use of mobile applications and the spread of innovative pecuniary technologies. A payment service license gives organizations the right to legally provide services and also helps to increase the level of trust from customers and business partners.

As of 2025, Thailand remains a leader in fintech in the region. The Bank of Thailand (BOT) is committed to improving its payment infrastructure and supporting fintech players by developing relevant statutory initiatives. This includes the implementation of international security standards, issuing directives for the use of E-holdings in remuneration systems, and simplifying procedures for foreign investors.

Obtaining a permit for payment service operators in the Kingdom of Thailand is not just a legislative requirement. It represents a real opportunity for a company to become part of one of the fastest growing digital economies in the world. Organizations with such a permit acquire not only a legitimate status, but also additional competitive advantages in a region that is actively shaping global vectors for the development of pecuniary innovations.

The nature of the payment service operator's permit

A payment solution operator permit in Thailand is an official indenture issued by the supervisory authority (in this case, the Bank of Thailand). It grants the right to carry out activities related to transaction processing, money transfers, issuance of electronic money and other pecuniary operations. The presence of this indenture confirms that the company complies with applicable legal prerequisites, as well as security standards and the protection of customers' personal data.

The key function of permission in ensuring secure settlements

The payment operator permit is a tool that builds trust among users, partners and regulators. Its presence proves that the company:

1. Meets strict information security prerequisites. Supervisory authorities insist on the implementation of comprehensive cyber security systems that prevent leakage of personal information and prevent fraud.
2. Undergoing pecuniary checks. A payment processor permit in Thailand confirms that the organization has a stable pecuniary position and the ability to fulfill its obligations to customers.
3. Complies with AML/KYC rules. This eliminates money laundering and blocks the financing of illegal activities through payment system channels.

Thus, the presence of a permit asserts stability and visibility of transactions, which is especially valuable as the volume of digital payments increases.

Distinctive features of the payment operator permit in Thailand compared to other pecuniary indentures

1. Payment solutions operator permission. Focuses on payment processing services, transfers, e-wallets and other payment mechanisms. Does not allow the possibility of attracting deposits from the population or providing loans.
2. Bank permit. Grants the right to accept deposits, issue loans and provide a wide range of pecuniary services. It requires a significantly higher authorized capital and is subject to particularly strict supervision.
3. Permission to operate with digital assets. Focuses on operations with cryptocurrencies and digital tokens. Involves the implementation of special statutory prerequisites related to risk control in the field of digital instruments.

Therefore, the payment operator permit in the Kingdom of Thailand has a narrow profile, which is particularly suitable for firms focused on payment processing and transaction management.

Within the polity, there are a number of organizations that operate effectively under payment operator permits:

• Omise: One of the largest fintech startups in Southeast Asia, specializing in online payments and holding a payment license. Omise operates not only in the polity but also in neighboring countries in the region.
• TrueMoney: A major fintech company offering e-wallets and payment processing services, TrueMoney plays a significant role in the polity's digital economy, serving millions of people.
• SCB Easy Pay: A payment product from Siam Commercial Bank. It provides a convenient platform for accepting and servicing payment transactions.

The case studies show that these organizations not only abide with directives but also use innovation to provide secure and convenient pecuniary solutions. Their activities clearly illustrate how the authorization of a payment operator in Thailand aids to the expansion of business and strengthening customer loyalty.

Thailand's legislative framework in 2025

By 2025, the Bank of Thailand (BOT) has expanded its authority to supervise digital financial services in Thailand. In response to the rapid growth of fintech and the widespread use of digital tools, the BOT has implemented new statutory measures to maintain a stable pecuniary environment and ensure consumer protection. Particular emphasis is placed on integrating the government digital currency (CBDC) into the existing remittance system, which improves the reliability and efficiency of settlements.

The Securities and Exchange Commission (SEC) in the polity continues to play an important role in overseeing the digital asset market. In 2024, the SEC updated the criteria related to digital token investment and custody services to ensure investor protection and encourage the use of innovative technologies for national development. These approaches create a more transparent and secure environment for digital asset trading.

In 2024, the Payment Systems Act 2017 was amended to harmonize the current remittance laws. It also made it possible to harmonize the prerequisites with international standards for obtaining a payment operator permit in Thailand. Such changes help to adapt the market to the latest remittance solutions and maintain their compliance with high efficiency and security prerequisites.

In 2024, the Thai government launched pilot projects to allow the use of cryptocurrencies as a means of remittance, starting on the island of Phuket. These initiatives aim to integrate digital tools into the economy, stimulating the tourism sector and increasing business activity. This approach demonstrates the polity’s commitment to global trends in finance and to benefit from the opportunities offered by digital technologies.

By 2025, the polity has strengthened its AML and KYC directives. These measures are aimed at increasing the visibility of transactions and preventing illegal schemes. The new standards oblige pecuniary institutions to implement stricter methods of customer verification and systematic analysis of transactions, which strengthens market participants' confidence in the reliability of the pecuniary institution.

Taken together, these changes confirm the polity's commitment to building a progressive and secure pecuniary ecosystem that combines innovation and protection of the interests of all stakeholders when obtaining a payment operator license in Thailand.

Conditions for obtaining a payment service operator permit in 2025

To obtain the right to provide payment operator services in Thailand, it is necessary to register a legal entity in accordance with local legislation. In 2025, both local and foreign citizens are allowed to establish a company.

Prerequisites for the minimum authorized capital for remittance operators depend on the nature of the services provided and the category of the permit. In 2025, the amount of authorized capital may change depending on the specifics of the activities of a particular organization.

Prerequisites for the ownership structure and management team of organizations applying for remittance operator authorization remain strict. Supervisory authorities require that key positions be held by individuals with an impeccable reputation and relevant experience in the pecuniary sector. In addition, it is necessary to disclose data on the ultimate beneficiaries, which confirms the visibility of the ownership structure.

In 2025, businesses applying for a PSP license in Thailand must meet the latest international data protection criteria. They are required to implement advanced cybersecurity protocols to prevent customer data leakage and fraudulent schemes. Statutory authorities require certified security systems that meet ISO/IEC 27001, PCI DSS, and other industry specifications.

In light of the growing popularity of digital assets in 2025, Thai regulators are imposing special conditions on the infrastructure of companies dealing with such instruments. Organizations are required to confirm that they have reliable systems for storing, processing and transmitting digital assets, as well as implementing AML and KYC policies. This includes the use of modern technologies, such as blockchain, and the application of strict authentication methods and control over transactions.

Thus, the procedure for obtaining a payment operator permit in Thailand in 2025 involves comprehensive preparation and compliance with the entire range of stipulated directives. It is recommended to engage competent legal advisers to ensure full compliance with current legislation and successfully obtain a permit indenture.

Procedure for obtaining a license

Here is a list of prerequisites needed to obtain a payment operator license in Thailand for 2025, based on the latest official indenture:

1. The basic registration indentures include a completed application form, a certificate of incorporation, articles of association, a memorandum of incorporation, a list of shareholders and their shareholdings. All indentures must be certified and meet the prerequisites of the Central Bank of Thailand (BOT).
2. The organizational structure and management require the provision of a list of directors and top managers with resumes and confirmed qualifications, information on the ultimate beneficiaries, the organizational chart of the company, as well as minutes of shareholders' meetings if they contain decisions related to the license.
3. Pecuniary statements and capital require audited accounts for the last three years (if applicable), a current balance sheet and cash flow statement, a detailed 3-5 year business plan with income and expense projections, market analysis, and evidence of minimum share capital that meets BOT prerequisites.
4. AML/KYC compliance includes a description of the company's policies on customer identification, transaction monitoring and detection of suspicious activity, as well as reporting measures to the Anti-Money Laundering Authority of Thailand (AMLO). A staff training program on compliance and combating pecuniary crimes is mandatory.
5. The operational and technical prerequisites for obtaining a payment operator license in Thailand include a detailed description of the remittance services offered, the structure and architecture of the remittance platform, data security standards compliant with ISO 27001, and a cybersecurity plan including protection against cyber attacks and data backup. It is important to provide agreements with banks, processing centers, and other partners.
6. Insurance and pecuniary obligations for obtaining a payment processor permit in Thailand include having a professional liability insurance policy covering pecuniary risks, indentures on client funds and guarantee obligations, as well as proof of reserve funds if required by law.
7. Statutory and legal indentures must include license agreements if third-party technologies or partner solutions are used, agreements with banks and counterparties, and data transfer agreements if the remittance system interacts with international platforms. All indentures must be officially certified and abide with BOT prerequisites.

Compliance with these prerequisites demonstrates the company's commitment to international standards for obtaining a payment operator license in Thailand and increases the trust of regulators and customers.

Application submission steps

1. Create an account and confirm the applicant's authority.
2. Entering the necessary information about the company, services and key persons.
3. Submission of all required indentures in digital format, including business plan, AML/KYC policies and pecuniary statements.
4. Online remittance of government fees and application processing charges.
5. Possibility to monitor the progress of your application through your personal BOT account.

• Incomplete set of indentures when applying for a payment operator permit in Thailand – failure to provide required indentures or incomplete information may result in delays or refusal to process your application.
• Non-compliance with prerequisites – provision of indentures that do not abide with established forms or standards.
• Data errors – inaccuracies or inconsistencies in the information provided may require additional verification.
• Lack of remittance confirmation – Late or unconfirmed remittance of fees may delay the review process.

Careful review and preparation of indentures before applying for a payment processor license in Thailand will help you avoid these common mistakes.

Any questions?

Contact our specialists

Send your application

Verification and issuance of a license

Taking into account the optimization of processes and the introduction of digital technologies, BOT has set the following estimated timeframes for reviewing applications:

1. The preliminary assessment lasts approximately 4 weeks to check the completeness and correctness of the submitted indentures.
2. The main review lasts approximately 12 weeks and includes a detailed analysis of the business model, pecuniary position and compliance procedures.
3. The final decision takes approximately 2 weeks to be made and notified to the applicant.

The overall process of licensing a payment service provider in Thailand can take between 4 to 6 months depending on the complexity of the case, the level of compliance and the promptness of providing additional information (if required).

Regular inspections after obtaining a license

Once a license is issued, BOT carries out regular supervision of the activities of remittance operators, including:

• Annual audits to assess compliance with established prerequisites and standards.
• Checks in case of detection of suspicious activity or receipt of complaints.
• Requirement for regular submission of pecuniary reports, AML/KYC compliance reports and other relevant information.

Failure to abide may result in sanctions, including suspension or revocation of the payment service provider's license in Thailand. It is therefore important to maintain a high level of statutory compliance and respond promptly to changes in legislation.

Fiscal regulation for remittance operators in Thailand in 2025

During 2025, the polity's tax system underwent a major overhaul, the main purpose of which was to tighten oversight of revenues generated both within and outside the Kingdom. These changes directly affect the work of remittance service providers, especially in terms of fiscal accounting of income from abroad and compliance with updated tax directives.

The basic VAT rate in the polity is 10%. However, to stimulate economic growth, the government extended a temporary reduced rate of 7% until September 30, 2024. The tax is expected to return to the original 10% rate in 2025, unless further extensions or changes to the law are approved. Payment service providers (PSPs) are required to register for VAT and withhold tax on services provided, unless such services are exempt.

The Thai government is introducing various fiscal benefits and economic incentives for companies that contribute to the development of the state, including those seeking to obtain a payment operator license in Thailand. Payment platform operators can take advantage of programs aimed at supporting innovation and technology. Thus, the Board of Investment of Thailand (BOI) offers tax breaks to firms investing in priority industries, including fintech. These breaks may include an exemption from income tax for a certain period, reduced rates, and other preferential conditions. However, to receive such benefits, companies must meet established standards and undergo an approval procedure.

The Kingdom of Thailand has signed double taxation treaties (DTTs) with more than sixty countries. These agreements are designed to eliminate the repeated taxation of the same profit in several jurisdictions. Remittance operators conducting cross-border activities can use the provisions of DTTs to reduce the tax burden. It is important to carefully study the terms of each specific agreement and take into account the prerequisites of both Thai legislation and the legal norms of the partner country.

1. Constantly monitor updates in the tax statutory framework of the polity and promptly adjust internal procedures when obtaining a payment operator license in Thailand to abide with current prerequisites.
2. Analyze the possibility of using existing tax breaks and government incentives to optimize the fiscal burden.
3. Consult qualified tax and legal professionals to correctly interpret and apply legal provisions and reduce the risk of tax litigation.

In conclusion, it should be noted that understanding and strictly implementing tax obligations play a paramount role in the successful operation of PSPs in Thailand. Careful tax planning and flexible response to changes in legislation allow companies to effectively operate and grow in a rapidly evolving business environment.

Compliance and monitoring of compliance with established standards

Within the polity, the operation of remittance systems is governed by the Payment Systems Act 2017. According to this act, electronic remittance infrastructures and companies are divided into three key categories:

1. Systemically important electronic remittance services that are critical to the stability of the pecuniary system.
2. Regulated remittance systems that are subject to special supervision due to their size and significant turnover.
3. Regulated electronic remittance services covering a wide range of services provided to consumers.

PSPs are required to strictly abide by AML and CFT prerequisites. Mandatory measures include KYC, transaction monitoring, and suspicious transaction reporting. Failure to abide with these standards may result in serious penalties, including revocation of the payment service provider's license in Thailand.

Periodic audit by supervisory authorities and its impact on the activities of companies

The polity’s regulators, including the Central Bank and the Securities and Exchange Commission (SEC), conduct regular inspections of payment system operators in Thailand. Their goal is to ensure compliance with legal prerequisites and maintain a healthy economy. If violations are detected, organizations may face fines, restrictions on their activities, or even temporary suspension of operations. Therefore, it is important to maintain a high level of compliance at all times and be prepared to deal with supervisory authorities.

1. Appoint a separate employee responsible for compliance issues who will develop internal directives in accordance with legal prerequisites.
2. Train staff on AML/CFT and KYC topics on an ongoing basis to reduce risks and improve overall literacy.
3. Use modern tools for monitoring and analyzing transactions to identify suspicious transactions in advance.
4. Conduct internal and external audits to assess the effectiveness of compliance practices and identify areas for improvement.

Innovation and technological progress in the field of payments

Modern licensed payment solution operators in Thailand are actively implementing advanced technologies that improve the efficiency and security of pecuniary transactions. Artificial intelligence (AI) is used to analyze large-scale data sets, predict customer behavior patterns, and detect fraudulent schemes in a timely manner. The use of blockchain technology asserts the immutability and visibility of transactions, reducing dependence on intermediaries and reducing operational costs. In addition, the use of biometric authentication and contactless payment methods improves user experience and strengthens data protection.

In 2024, Bitkub, one of the leaders in blockchain solutions in the polity, was awarded more than 20 awards for its contribution to the digital economy and achievements in innovation. This is a confirmation that modern technological tools have been successfully integrated into the country's pecuniary sector and a good plus for obtaining a license as a payment system operator in Thailand.

The polity continues to comprehensively develop its digital ecosystem and aims to become a regional hub for fintech startups. The coming years are expected to see the expansion of central bank digital currencies (CBDCs) and increased support for fintech players. The government is also exploring the use of quantum computing and the Internet of Things (IoT) to further transform the pecuniary sector.

Opportunities for international expansion

An official payment processor license in Thailand opens the way to enter the markets of the Association of Southeast Asian Nations (ASEAN). Due to its favorable geographical location and close economic ties, firms have easier access to neighboring markets such as Malaysia, Singapore and Vietnam. This allows them to expand their operations and build a wider customer base.

The Kingdom of Thailand aims to establish itself as a leading fintech hub in the region, providing favorable conditions for business and supporting innovative digital projects. Including obtaining a payment operator license in Thailand. The government is investing significant resources in infrastructure and creating preconditions for the influx of foreign investment. This policy makes the country a promising platform for companies focused on the development and implementation of payment technologies not only within the region, but also at the global level.

In conclusion, it is worth emphasizing that strict compliance, active implementation of advanced technological solutions and a thoughtful approach to international expansion are fundamental factors in the success of payment service operators in Thailand. These elements strengthen sustainable business development and provide competitive advantages in the dynamically growing market of Southeast Asia.

Benefits of working in Thailand

The polity is experiencing rapid growth in the mobile payments and e-wallets space. According to a Global Market Insights report, the mobile payments market size was US$965.9 billion in 2022, with a projected CAGR of over 14.5% from 2023 to 2032. This growth is driven by the increasing number of smartphone users, expanding internet access, and the adoption of modern fintech solutions.

The country's digital payments volume is expected to grow by 20-25% annually over the next 5 years, making it an attractive market for investors to choose Thailand for their payment operator license.

Convenient geographical location

The polity is a logistics and pecuniary hub for Southeast Asia, providing companies with access to markets in neighboring countries such as Vietnam, Malaysia, Indonesia and other ASEAN countries.

The country is also an active participant in regional trade initiatives such as the Association of Southeast Asian Nations (ASEAN) and the Regional Comprehensive Economic Partnership (RCEP). These agreements facilitate cross-border trade and investment and create additional opportunities for fintech companies to enter neighboring markets.

Statutory support and tax incentives

The Thai government actively supports the development of the fintech sector by offering various incentives for operators.

• In 2024, the Cabinet of Ministers approved a $2.8 billion soft loan program to support small and medium-sized businesses through commercial banks.
• The Board of Investment of Thailand (BOI) provides foreign companies with the opportunity to fully own businesses, including consulting, technical services and wholesale trade of goods made in the polity.
• The country offers tax incentives for innovative projects and fintech companies, which reduces the costs of doing business.

Digital transformation and integration of modern technological solutions

This country is dynamically promoting the digital sector within the framework of the state initiative Digital Thailand. This has a very positive effect on the decision to obtain a payment operator license in Thailand. Through this program, assistance is provided in:

• Widespread inclusion of blockchain tools and artificial intelligence systems in payment processes.
• Organization of an updated digital environment that asserts prompt and reliable operations.
• Funding progress in fintech and simplifying statutory frameworks for fintech start-ups.

In an effort to turn the polity into a global pecuniary hub, the government plans to introduce a new legislative framework for pecuniary business. It is aimed at attracting foreign capital and supporting innovative technological solutions. This regulation envisages the creation of a “unified body” authorized to control and license key pecuniary areas, including digital assets. And this significantly affects the receipt of a payment operator license in Thailand. The rapidly growing digital segment of the economy, a favorable geographical position, significant government support and the progress of innovative technologies make this kingdom one of the most favorable jurisdictions for fintech organizations aimed at expanding and deepening their presence in the markets of Southeast Asia.

Potential risks and difficulties

In 2025, fintech organizations operating licensed payment processors in Thailand face a number of potential risks and challenges. It is important to consider them in advance to maintain business efficiency.

In response to the accelerated growth of the fintech segment, the Thai government is set to introduce a new regulation on pecuniary business. Its aim is to attract foreign investment and tighten controls in priority pecuniary areas, including digital assets. The formation of a “unified body” with the authority to supervise and license payment operators in Thailand may lead to a revision of existing directives and introduce more stringent prerequisites for fintech service providers.

The Thai fintech market continues to attract interest from both local and global players. This increases competition in the sector. Companies are forced to constantly offer innovative services and improve the quality of service in order to not only maintain but also increase their market share when obtaining a payment operator permit in Thailand. In addition, the active promotion of digital pecuniary services attracts large tech corporations, which creates additional barriers for small fintech startups.

Global economic and political shifts have a direct impact on the polity’s fintech scene. Exchange rate fluctuations, adjustments in international trade and investment flows can cause uncertainty and increased risks for businesses. In addition, geopolitical instability and changes in international statutory standards often require fintech companies to adapt to new conditions and adjust their development strategies.

In order to maintain a competitive position after obtaining a payment operator license in Thailand under such circumstances, it is advisable for organizations to systematically monitor legal developments, invest in innovations, and promptly respond to external economic and political factors.

Permission to conduct payment activities and digital assets

In 2025, the polity continues to actively integrate digital assets, including cryptocurrencies and stablecoins, into the national pecuniary system. This trend has a significant impact on the work of payment operators.

In January 2025, former Prime Minister of Thailand Thaksin Shinawatra proposed legalizing online gambling and expanding the use of cryptocurrencies in the country. He emphasized that the launch of stablecoins backed by various assets could help develop the pecuniary sector. In addition, government agencies are considering approving crypto payments, starting with a pilot project on the island of Phuket.

The inclusion of digital assets in payments systems in Thailand imposes strict statutory prerequisites on operators. As early as 2018, Thailand passed legal directives requiring digital asset companies to obtain licenses from the Securities and Exchange Commission (SEC). These prerequisites include:

• Mandatory licensing by the SEC for organizations engaged in exchange, brokerage or dealer activities with digital assets.
• Implementation of measures to combat money laundering and thorough identification of clients in accordance with national and international standards.
• Formation of advanced mechanisms for protecting users' digital assets, using up-to-date technologies for storing and encrypting data.

• SCB Holding’s fintech arm 10X, in collaboration with Siam Commercial Bank (SCB), has developed THBX, a stablecoin pegged to the Thai baht. The digital instrument is part of a pilot project overseen by the Bank of Thailand and the SEC, and is used for retail payments using QR codes at participating merchants.
• One of the polity’s leading banks, Kasikornbank (KBank), has launched Orbix Custodian, the country’s first licensed digital asset custody service provider. The service complies with the Ministry of Finance and the SEC and provides a reliable solution for the safe custody of digital assets.

Both examples demonstrate that major banking institutions in the polity are successfully incorporating digital assets into their offerings, helping to drive the development of a payment operator license in Thailand and the adaptation of the pecuniary industry to modern technological capabilities.

Conclusions and advice

Obtaining a payment license in Thailand gives you access to one of the most dynamic markets in Southeast Asia. Key benefits include a favorable statutory environment, government support for fintech companies, and options for integration with regional platforms. However, to be successful, you must strictly abide with all legal and technical prerequisites.

To avoid common mistakes, it is advisable to prepare a full package of indentures in advance. Particular attention should be paid to the business plan and compliance with AML/KYC standards. It is also important to take into account the increased prerequisites for the authorized capital and technological infrastructure in order to meet the directives of the Central Bank of Thailand.

For long-term stability and growth, it is worth engaging qualified consultants in the legal and pecuniary fields. They will help take into account changes in legislation and implement innovative solutions. Competent planning, continuous market research and maintaining high security measures will become a solid foundation for sustainable development in the promising Thai market.