Worldpay has extended its Asia Pacific presence by launching domestic acquiring capabilities in Thailand.
This enables local and international merchants to process transactions in Thai baht and offer local payment methods.
This addition brings Worldpay’s domestic acquiring footprint in the region to nine markets, alongside Australia, New Zealand, Singapore, Hong Kong, Japan, Malaysia, India, and South Korea.
Thai merchants will be able to settle card payments locally and access four widely used alternative payment methods: LINE Pay, TrueMoney, PromptPay, and online banking.
The company is also offering fraud protection, dispute management, and consultative expertise backed by global data insights.
The move is aimed at helping businesses tap into Thailand’s fast-growing e-commerce market, which Worldpay projects will grow at an annual rate of 9% through 2030.
The Thailand launch follows similar expansions in Colombia, Mexico, and the United Arab Emirates, as Worldpay continues to grow its domestic acquiring capabilities globally.
Its platform offers a single point of integration for businesses operating across more than 170 countries.
“The payments landscape is rapidly evolving in Thailand as we’re seeing a significant shift from cash use to digital wallets and account-to-account (A2A). It’s increasingly important for merchants operating in the market to deliver the right shopper experience with the fastest most secure payments possible.
Our in-market experts help merchants optimize their offerings, navigate complexities, and ensure they accept the right mix of payment types enabling them to unlock growth opportunities.”
said Gabriel de Montessus, President of Global Enterprise at Worldpay.
Featured image: Edited by Fintech News Singapore, based on image by EyeEm via Freepik
