UnionPay Worldwide (UPI) and Nationwide ITMX (NITMX) have partnered to combine China’s UnionPay cost system with Thailand’s PromptPay.
The preliminary section of this collaboration will permit Chinese language vacationers to utilise the UnionPay app, particularly the YunShanFu app, to pay through PromptPay QR codes at Thai retailers.
It will mirror the cost expertise they’ve in China.
Subsequently, Thai vacationers will be capable of use UnionPay QR codes for funds inside China.
The settlement, formalised via a signing ceremony attended by monetary sector officers from each nations, seeks to streamline digital cost for vacationers between China and Thailand.
This partnership will prolong using the YunShanFu app throughout common Thai vacationer locations like Bangkok, Phuket, and Chiang Mai, enabling customers to scan PromptPay QR codes as they do domestically.
NITMX can also be actively working with different Chinese language cost suppliers to additional improve cross-border cost capabilities.
Larry Wang, CEO, UnionPay Worldwide stated,
“We’re comfortable to collaborate with NITMX, the main cost infrastructure supplier in Thailand, to supply enhanced QR Code cost service. This partnership permits cardholders with UnionPay enabled wallets and UnionPay App to scan PromptPay QR codes conveniently and securely in any respect PromptPay acceptance factors.
Increasing our QR Code cost community globally stays a key precedence for us, and this initiative strengthens our dedication to offering seamless cost experiences.”
Chatchai Dusadenoad, Managing Director, Nationwide ITMX Firm Restricted stated,
“As Thailand’s main cost infrastructure supplier, Nationwide ITMX performs a vital position in driving interoperability and cross-border cost innovation.
Our collaboration with UnionPay strengthens Thailand’s digital cost ecosystem by enhancing the attain and usefulness of PromptPay QR Code, making certain seamless, safe, and handy cashless transactions for guests from China and past.”
