By business type
Thai law for Fintech, payments and digital assets
Fintech is licensed by function: payments under the Bank of Thailand, digital assets under the Emergency Decree supervised by the SEC.
What to check
- Payment Systems Act (Bank of Thailand)E-money and collecting payments for merchants need a licence or registration.Payment Systems Act B.E. 2560, ss. 16, 17; Ministry of Finance notification of 17 April 2018, cl. 2.2, 2.3
- Emergency Decree on Digital Asset BusinessesExchanges, brokers, custodians and token offerings are licensed.Emergency Decree B.E. 2561, ss. 3, 17, 19, 26
- Personal Data Protection ActApplies to offshore companies serving people in Thailand.PDPA B.E. 2562, ss. 5, 37(5), 38
- Foreign Business ActForeign-owned (50%+) Thai companies need their activity checked.Foreign Business Act B.E. 2542, ss. 4, 8, 14, List 3
- Sector questionAML and customer-identification duties for the specific licence
- Sector questionLending or credit rules if the product extends credit
ETDA category: Payment system
Questions people ask
The rules fintech companies most often have to examine are: Payment Systems Act (Bank of Thailand); Emergency Decree on Digital Asset Businesses; Personal Data Protection Act; Foreign Business Act. Which apply depends on the actual model.
General information, not advice on your business.
See Financial and Digital-Asset Business and Investment