The Securities and Exchange Commission of Thailand has introduced the TouristDigiPay sandbox, a pilot program allowing foreign tourists to convert digital assets into Thai Baht for payments on goods and services. The initiative aims to support innovation, strengthen the tourism sector, and contribute to economic growth.
Applications for participation opened on 25 September 2025 and will be accepted until 26 December 2025. Eligible applicants include licensed digital asset exchanges, brokers, or dealers that integrate with e-money service providers. Participants must operate in accordance with the SEC’s regulations, which took effect on 24 September 2025. Approval from the SEC is required before services can be offered, and access is restricted to foreign tourists temporarily residing in Thailand.
Service providers are required to enable payments via Thai QR code scanning and conduct identity verification in line with Anti-Money Laundering Office regulations. They must ensure that all transactions fall within their licensed categories and verify the source of digital assets exchanged into Baht. Regular reporting to the SEC and submission of required data are mandatory, along with an exit strategy in case the participant withdraws from the program.
Services under the TouristDigiPay sandbox are expected to commence in the fourth quarter of 2025. According to Anek Yooyuen, SEC Deputy Secretary-General, the program benefits from collaboration among multiple regulatory agencies and is intended to promote Thailand’s digital economy. It is designed to facilitate convenient spending through QR code payments, distribute income across local communities, and manage risks at appropriate levels, reflecting the SEC’s support for technology-driven financial innovation.
(Source: Fintech News Singapore)
