Visa, a global leader in digital payments, has partnered with Krungthai Bank (KTB), one of Thailand's leading financial institutions, to launch a cashless card payment service for tuk-tuks in pilot areas of Bangkok. This project is part of Visa Destinations Thailand, aimed at attracting international tourists while making daily travel easier and cashless. Card payments on tuk-tuks allow drivers to pick up more passengers, especially international tourists who don't carry cash, while also offering tourists a modern and convenient way to experience traditional Thai transportation. This aligns with Thailand's tourism development direction, which focuses on creating seamless experiences at every point.

Mr. Anthony Watson, Visa's Country Manager for Thailand, stated, "Daily travel is an integral part of people's urban experience, and payment should be equally easy. This collaboration with Krungthai Bank is a significant step for Visa Destinations Thailand in connecting traditional Thai transportation with global digital payment systems, enabling smoother travel for tourists and making it easier for tuk-tuk drivers to receive payments."

Krungthai Bank, a leading bank in Thailand, is committed to leveraging innovation and technology to develop financial products and services that meet the needs of all customer groups, thereby improving the quality of life for Thais every day. Expanding tap-to-pay services to tuk-tuks not only helps drivers but also truly makes travel smoother for both Thais and international tourists. We aim to continuously expand access to cashless payments in popular tuk-tuk areas throughout Bangkok.

This cashless tuk-tuk payment project reflects Visa and Krungthai Bank's shared commitment to driving Thailand's digital payment ecosystem, empowering small business owners, and enhancing the urban travel experience in Bangkok.

The project will begin as a pilot program in high-traffic areas throughout central Bangkok, covering key shopping districts, business districts, and popular tourist attractions. By 2026, the cashless payment system will initially support card payments for 60-80 tuk-tuks, laying the foundation for wider expansion. In the long term, Krungthai Bank aims to install the system on tuk-tuks in popular areas across Bangkok. Visa and Krungthai Bank jointly aim for approximately 10-15% of Bangkok's tuk-tuks to support card payments by 2027. An estimated 9,000–10,000 tuk-tuks are expected to participate.

Participating tuk-tuks will be equipped with a cashless payment system, accepting card payments from both local banks and Visa cards from over 200 countries worldwide, including China, India, Europe, the United States, and the Middle East. Travelers of all nationalities can therefore make instant payments without worrying about cash, subject to the terms and conditions of each card issuer.

Krungthai Bank serves as the lead bank for merchant and e-commerce registration and domestic operations, while Visa provides the payment network infrastructure and global expertise to ensure secure and reliable transactions. This collaboration also demonstrates the commitment of both organizations to working with local transportation operators and driving the growth of digital payments in Thailand.

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