Which payment gateways can be used for digital gold app in Thailand?

 If you're building a digital gold app in Thailand, selecting the right payment gateways is essential for seamless, secure, and cost-effective transactions. Here’s a detailed breakdown of both local and international providers well-suited for such a platform:

1. Local Payment Gateways & Wallets

2C2P

  • A major regional payment processor founded in Thailand (now based in Singapore). It supports an extensive range of options—from credit/debit cards to e‑wallets and alternative payments—covering around 250 payment methods. Popular among leading companies and integrated with QR codes and installment features.

PaysBuy (now part of Omise)

  • One of the earliest e‑wallet services in Thailand, fully licensed by the Bank of Thailand and acquired by Omise in 2017.

Omise (now also known as Opn Payments)

  • Widely adopted across Asia, offering credit/debit and internet banking, multi-currency, and robust API integration. Trusted by brands such as McDonald’s and King Power.

Bangkok Bank (BBL)

  • Bank-specific gateway for Visa, MasterCard, and BBL cards. Supports recurring billing and mail/phone orders. Available only to merchants with Bangkok Bank accounts. 

Thaiepay

  • Enables Visa, MasterCard, and American Express payments. Supports 9 currencies, with translation support, but has relatively high fees and monthly charges.

SiamPay

  • Accepts cards, PayPal, AliPay, and several others. Supports recurring billing and multi-currency. Transaction fees typically between 3.5%–4%. 

K-Payment Gateway (K‑Bank)

  • Designed for well-established firms (minimum 3‑year operation, 2 million THB capital). Not ideal for early-stage startups due to high entry barriers. 

TrueMoney Wallet (TrueMoney Payment Gateway)

  • A leading e‑wallet in Thailand with widespread consumer reception. Supports stored-value cards, bill payments, remittance, and acts as a payment gateway. 

2. International Payment Gateways Supporting Thailand

Stripe

  • A global favorite with strong API capabilities. It can process credit/debit cards, wallets (Apple Pay, Google Pay, Alipay), multi-currency, and custom workflows. However, local support may be limited compared to domestic players. 

PayPal

  • Universally recognized, highly secure, and supports multiple currencies. Known for ease of integration, but often includes higher fees for cross-border transactions.

Payoneer

  • Offers multi-currency virtual accounts, flexible withdrawals, and is good for receiving cross-border payments. 

3. Emerging / Alternative Options

CodaPay

  • Facilitates local payment methods—like carrier billing and bank transfers—without setup or transaction fees. Good for regional expansion, though onboarding can be slow.

PAYCLY

  • Local Southeast Asian gateway with broad coverage (100+ payment methods, 150+ currencies). Strong fraud prevention, PCI DSS compliance, mobile-first design, and 24/7 Thai-language support. 

NOWPayments

  • Supports PromptPay and Thaiepay alongside cards and e-wallets. Particularly useful if you plan to accept various local payment methods. 

iPay88

  • Offers credit/debit card and local e-wallet support, suitable for e-commerce and mobile payments. 

4. Choosing the Right Gateways for a Digital Gold App

Factor Recommendation
Local Thai payments (Thai Baht) TrueMoney, PromptPay via 2C2P, NowPayments, CodaPay
Credit/debit cards Omise, 2C2P, Thaiepay, SiamPay
International reach / multiple currencies Stripe, PayPal, Payoneer, 2C2P
Low cost / no transaction fees CodaPay, PAYCLY (Competitive pricing)
Rapid mobile checkout (QR codes) PromptPay (via 2C2P or PlusPeDirect), TrueMoney
Enterprise-grade integrations Omise, PAYCLY, Stripe, 2C2P
Regulatory compliance All listed gateways are licensed or compliant (e.g. PaysBuy with BoT license)

Suggested Strategy for Integration

  1. Core Local Payments: Use TrueMoney and PromptPay for fast, mobile-centric local transactions.

  2. Card & Multi-Currency Support: Implement Omise, 2C2P, or PayPal/Stripe for broader payment acceptance and global reach.

  3. Cost Efficiency & Coverage: Add CodaPay or PAYCLY for competitive rates and additional flexibility, especially for cross-border flows.

  4. User Experience: Ensure checkout flows are smooth, mobile-first (QR codes), with fast settlements to reflect gold pricing and reduce volatility risk.

  5. Compliance & Security: Ensure whichever gateways you choose are PCI‑DSS compliant, BoT‑approved where relevant, and have strong fraud protection.

Summary

  • Dominant local players: Omise, 2C2P, TrueMoney, SiamPay, Thaiepay, Bangkok Bank, K‑Payment.

  • International gateways: Stripe, PayPal, Payoneer.

  • Emerging/alternative: CodaPay, PAYCLY, NOWPayments, iPay88.

  • Best mix for a digital gold app: A combination of TrueMoney/PromptPay for Thai users, a card/multi-currency gateway like Omise or Stripe, and cost-effective alternatives like PAYCLY or CodaPay for broader coverage and fees.

Let me know if you'd like help comparing transaction fees, integration complexity, or settlement timelines across these options!

Comments

Post a Comment

Popular posts from this blog

Give comparison of all the charges of top 10 Payment Gateways in India

  Comparison of Charges of Top 10 Payment Gateways in India (2025) As the digital payment landscape continues to grow in India, selecting the right payment gateway is essential for businesses aiming to streamline online transactions. While functionality, integration, and customer support are important, charges and fees often remain the deciding factor. This article offers an in-depth comparison of charges associated with the top 10 payment gateways in India to help merchants make an informed choice. 🧾 Key Payment Gateway Charges Explained Before diving into the comparison, let’s understand the common fee structures: Charge Type Description Setup Fee One-time fee charged during account creation. Annual Maintenance Fee Yearly charge for using the service. Transaction Discount Rate (TDR) Fee deducted per transaction, usually a percentage of the transaction amount. Payout/Withdrawal Fee Charges for transferring money from the gateway to the bank account. 📊 Top 10 Payment Gatew...
Read more

What are the detailed steps to start a Digital Gold Business?

What are the Detailed Steps to Start a Digital Gold Business? In the evolving landscape of fintech and digital assets, digital gold has emerged as a popular investment tool. It allows customers to buy, sell, and store gold digitally without physically owning it. Starting a digital gold business is a lucrative venture, but it requires strategic planning, regulatory compliance, and strong technological infrastructure. Here’s a step-by-step guide to help you understand how to start a digital gold business: Step 1: Understand the Digital Gold Business Model Before diving in, gain a solid understanding of the digital gold ecosystem. In this model: Customers buy and sell gold in small or large quantities online. The gold is backed by physical gold stored securely by trusted vaulting partners. You act as a platform that facilitates these transactions and may earn via spreads, commissions, or service fees. There are typically three key players in this model: Customer – t...
Read more

What are the conditions to get Direct API integration?

  What Are the Conditions to Get Direct API Integration? In today’s hyper-connected digital ecosystem, APIs (Application Programming Interfaces) serve as the glue that connects different software systems, enabling seamless communication, automation, and integration across platforms. While many APIs are available through third-party gateways or intermediaries, businesses often prefer direct API integration for better performance, control, and reliability. But what exactly does “direct API integration” mean, and what are the conditions a business must meet to qualify for or implement it successfully? This comprehensive article breaks down the prerequisites, technical requirements, compliance considerations, and strategic factors that come into play when seeking direct API access. What Is Direct API Integration? Direct API integration refers to establishing a secure and streamlined connection between a client’s application and a service provider’s API without going through a t...
Read more