Thailand and Hong Kong Launch Cross-Border QR Payments

On December 4, 2023, Thailand’s central bank and the Hong Kong Monetary Authority launched a new cross-border QR payment link enabling travelers from Thailand and Hong Kong to make retail payments through their mobile payment applications.

Through the link, customers of Hong Kong’s Faster Payment System (FPS) and Thailand’s PromptPay can use their respective QR codes for merchants in either jurisdiction. Thai travelers in Hong Kong can use their PromptPay application at more than 50,000 FPS merchants in Hong Kong while travelers from Hong Kong can use their FPS application at more than one million PromptPay merchants in Thailand. Merchants will receive the funds instantly.

Further, Hong Kong travelers can make a maximum payment of HK$10,000 (US$1,279) per day while Thai travelers can…