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Who are the main players behind the digital payment transformation in Thailand?
The digital payments market in Thailand is experiencing significant growth, with projections indicating a 7.51% increase from 2024 to 2028, resulting in a market volume of US$52.47 billion by 2028.
The digital payments industry in Thailand is currently experiencing a substantial transformation that is reshaping the financial habits of its population. This shift is being propelled by the widespread adoption of mobile technology and the government’s proactive efforts to encourage a cashless society.
Thailand’s digital payment landscape is undergoing a significant transformation, driven by a dynamic set of key players such as Promptpay, LINEpay, and TRUEMoney. These include major banks like SCB and Kasikornbank, which offer comprehensive digital banking services. Fintech startups such as Omise and Ascend Money are also making waves with innovative payment solutions.
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