UnionPay International (UPI) has partnered with National ITMX (NITMX) to promote the integration of UnionPay payment information with Thailand’s PromptPay system.
In the initial phase, the partnership will introduce QR code payment solutions tailored for Chinese tourists visiting Thailand.
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Subsequent phases will enable Thai tourists to utilise UnionPay QR codes while in China, with specific launch dates to be announced in the future.
The formal signing was attended by UnionPay International CEO Larry Wang, National ITMX managing director Chatchai Dusadenoad and other officials.
The alliance is anticipated to expand the use of UnionPay’s mobile payment app, YunShanFu, across Thailand’s travel destinations such as Bangkok, Phuket, and Chiang Mai.
Users of the UnionPay App can scan PromptPay QR codes to facilitate payments just as they would in China, and vice versa.
In addition, NITMX is looking for Chinese partnerships to further cater to the needs of users in both countries.
Wang said: “We are happy to collaborate with NITMX, the leading payment infrastructure provider in Thailand, to provide enhanced QR Code payment service.
“This partnership allows cardholders with UnionPay enabled wallets and UnionPay App to scan PromptPay QR codes conveniently and securely at all PromptPay acceptance points. Expanding our QR Code payment network globally remains a key priority for us, and this initiative strengthens our commitment to providing seamless payment experiences.”
Dusadenoad added: “We are delighted to work with a global payment brand like UnionPay. UnionPay is part of China’s robust financial ecosystem where the country is at the forefront of developing innovative payment services including QR Code payment, now readily available in all parts of China.
“Our collaboration with UnionPay strengthens Thailand’s digital payment ecosystem by enhancing the reach and usability of PromptPay QR Code, ensuring seamless, secure, and convenient cashless transactions for visitors from China and beyond.”
Recently, UnionPay signed an agreement with Al Etihad Payments (AEP) to launch co-badge cards in the UAE.
