KogoPAY, a UK fintech providing banking and mobile payment services for B2B and B2C, announced that it has forged a partnership with the Siam Commercial Bank (SCB).

The collaboration aims to facilitate easier payments and ATM withdrawals for British and European tourists in Thailand.

The partnership focuses on the implementation of QR code payment and ATM withdrawal services, leveraging Thailand’s PromptPay system.

PromptPay, initiated by the Central Bank of Thailand, employs a standardised QR code that is universally accepted by banks within the country, simplifying the payment process for users.

This initiative is expected to significantly benefit the millions of British and European tourists who visit Thailand every year, offering them a seamless way to make payments through KogoPAY’s mobile wallet and PromptPay QR codes, particularly in areas where traditional payment cards might not be accepted.

According to KogoPAY, Thailand welcomed over 33 million international tourists to the country in 2023, and amongst those, the UK ranked 7th with over 1.24 million tourists.

Dr. Chauvidul-Aw, Founder and CEO of KogoPAY said,

“This partnership with Siam Commercial Bank marks a significant stride in enhancing the financial experience of travellers to Thailand while underscoring KogoPAY’s mission to consistently innovate and provide customers with more advanced cross-border financial services enabling us to offer a quick, convenient, and secure payment option.”

Thanawatn Kittisuwan, First Executive Vice President and Head of Digital Juristic & Payment at Siam Commercial Bank said,

“In a borderless financial landscape, transactions have increasingly extended to a diverse clientele in new territories necessarily heightening the demand for a versatile and efficient money payment solution. Therefore, we take great pride in introducing this state-of-the-art financial solution through the KogoPAY application, which will be of enormous benefit to international tourists to our country.”