PROMPTPAY QR CODES IN THAILAND
In late 2016, the Bank of Thailand and the National Interbank Transaction Management and Exchange launched PromptPay as part of the country's ambitious National E-Payment Master Plan. Designed to curb cash reliance and eliminate high bank transfer fees.
The defining milestone arrived in late 2017 when standard QR code technology was integrated into the ecosystem, which created domestic interoperability. Instead of siloed, proprietary networks, every major commercial bank and e-wallet in Thailand adopted the unified standard. Street vendors, luxury retailers, taxi drivers, and online merchants began displaying a single QR code capable of accepting instant funds from any banking application or digital wallet nationwide. This friction-free experience drove user adoption past 79 million registrations, processing over 60 million daily transfers.
ENTER SQRIL
As the first scan-to-pay QR code payments API explicitly engineered for emerging markets, we bridge the divide between local payment standards and international financial applications.
By integrating the SQRIL API, any external fintech, neobank, or Web3 wallet can enable its users to interact smoothly with Thailand's local merchant ecosystem.
SEAMLESS INTERNATIONAL SETTLEMENT
When a consumer scans a local Thai PromptPay QR code using a SQRIL-powered app, our underlying network handles all routing automatically.
User Experience: The consumer pays using their home fiat currency or stablecoin.
Merchant Settlement: The local Thai merchant receives the settlement instantly in Thai Baht (THB) directly through their existing domestic setup, with no change to their routine workflow.
Backend Architecture: SQRIL handles the localized foreign exchange, risk compliance, and immediate settlement payout over highly efficient networks.
Partnering with our team unlocks plug-and-play access to highly mature digital economies. Visit SQRIL to integrate our sandbox API and empower your users to scan and pay like a local today.