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Thailand on track to lead ASEAN in becoming a cashless society by 2028 

Thailand is rapidly moving toward becoming a cashless society, with a recent Visa survey predicting a full transition by 2028, ahead of the broader ASEAN timeline. The adoption of digital payments has surged, driven by platforms like PromptPay and widespread smartphone use, with 97% of Thais using mobile banking apps weekly. While the shift to cashless transactions has boosted digital interactions, it has also led to a decline in Visa’s debit card operations. Visa plans to introduce new technologies, like Click-to-Pay, to address these challenges while maintaining card security.

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