No PayPal transactions in Thailand from March 7, no new registrations allowed either

“For many months, we have been working diligently on the relaunch of PayPal in Thailand. As a locally-licensed payments provider, we have been gradually updating our products and processes to ensure we comply with all applicable Thai laws. We had hoped to start welcoming more Thai customers in the next phase of our relaunch this March,” explained the company. “Regrettably, we need more time to reach this next phase and to extend our services further in Thailand.”

The company said it is working closely with relevant authorities in Thailand to accelerate its relaunch and minimise disruption to customers.

PayPal is apparently mired in the confusion sparked by Thailand’s moves to overhaul its regulatory framework to accelerate its financial technology and turn into a digital economy.

In other words, to operate here, PayPal must adhere to Thai law, especially its anti-money…