VISA and KOTRA, in partnership with leading bank TTB, have launched the Global Trade Payment Platform (GTPP) in Thailand, enhancing the efficiency, speed, and security of international trade payments.

Mr. Anthony Watson, Visa's Country Manager for Thailand, revealed that Thailand is entering a new era of digital payments and international trade. The launch of the Global Trade Payment Platform (GTPP) in Thailand reflects the shared commitment of Visa, KOTRA, and ttb to support Thai businesses, especially importers sourcing goods from Korea, enabling them to conduct business more conveniently and efficiently. GTPP simplifies payments to overseas partners, reduces the complexity of traditional payment processes, helps businesses manage liquidity effectively, allows for clearer payment timelines, and enables businesses to operate with confidence. This solution will play a crucial role in supporting businesses seeking growth and increased competitiveness, particularly in continuously growing industries such as retail, food and beverage, and e-commerce.”

Mr. Yongsong Kim, Director of the Korea Trade-Investment Promotion Agency in Thailand, added, “KOTRA is committed to supporting businesses in expanding opportunities into global markets. The launch of GTPP in Thailand is another important step in strengthening international trade connectivity and facilitating more convenient and efficient cross-border transactions.” This collaboration with Visa and financial institutions in Thailand will enhance efficient and reliable payment options for businesses, supporting entrepreneurs to conduct international business more smoothly and confidently.

This partnership also builds upon existing economic cooperation between Thailand and the Republic of Korea in various dimensions, including projects such as the Bangkok Korea–ASEAN AI City Day 2026, organized by the Ministry of Trade, Industry and Energy of the Republic of Korea, the Ministry of Land, Infrastructure and Transport of the Republic of Korea, and KOTRA. This event served as a platform bringing together leading companies from the Republic of Korea and organizations in Thailand to explore opportunities for cooperation in areas such as artificial intelligence (AI), smart city development, and digital transformation, reflecting the strong and continuously growing economic and technological ties between the two countries.

With Visa's global payment network, KOTRA's international trade expertise, and collaboration with leading financial institutions in Thailand, the GTPP plays a crucial role in enhancing the connectivity and efficiency of the international trade ecosystem. Amidst the continuous growth of cross-border trade, the GTPP enables businesses to manage international payments more conveniently, improves the efficiency of financial data management, and increases transparency in transaction processes. This initiative aims to build confidence in conducting business in international markets.

GTPP, first launched in South Korea in 2024, is the world's first card-based international trade payment platform designed to enhance the efficiency of cross-border payments and simplify international transactions for businesses. The launch of GTPP in Thailand aligns with the continued growth of trade between Thailand and South Korea. By 2025, South Korea's exports to Thailand are projected to reach approximately US$8 billion, spanning key industries such as consumer goods, food and beverages, and beauty products. Expanding the GTPP platform to Thailand will support businesses in both countries in managing international trade transactions more efficiently, transparently, and reliably.

Currently, GTPP operates in seven markets: Taiwan, Japan, Mongolia, the Philippines, Singapore, Vietnam, and Thailand, the latest to join the platform. More than 400 South Korean exporters are already using the platform, spanning diverse industries including beauty, medical equipment, food and beverages, automotive, electronics, fashion, mother and baby products, and pet supplies. Since its launch, GTPP has experienced continuous transaction volume growth. And aiming for cumulative transaction value to reach US$100 million by the end of 2027.

Visa and KOTRA jointly developed GTPP as an alternative for international trade payments via cards, overcoming the limitations of traditional international money transfers, which are often complex, time-consuming, and multi-step. This solution enables businesses to manage cross-border transactions more efficiently, with predictable payment times, increased liquidity flexibility, and secure, transparent digital transaction processes.

TTB's participation also strengthens the GTPP ecosystem in Thailand by expanding access to card payment solutions and promoting wider platform adoption among businesses engaged in international trade.

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