The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

Thailand FinTech Landscape Report

Thailand has a nascent market and the potential to become one of ASEAN’s key FinTech hubs.

The Thai population, while mostly unbanked, has a high digital and internet penetration rate, which means that much can be done to engage the untapped markets and bring under financial inclusion. Key areas of FinTech developments such as digital payments, blockchain technology, and P2P lending specifically target the underbanked and underserved demographics.

Thailand also scores high in terms of regulatory openness and advancements, as the regulators offer accommodating policies and have gone on to collaborate with the Thailand banks and neighboring countries such as Singapore on FinTech cooperation.

Thai FinTech start-ups accounted for only 17% of the total number of Thai start-ups funded up until the end of 2017, but received 40% of the funding, representing the 2nd highest-funded category behind e-commerce.

Digital payment transactions surged by 83% from 2016 to 5.87 billion in 2017, with an average of 89 transactions per user per year. The country's digital payment ratio has increased to above 10% of total payment transactions.

The report gives an overview of the FinTech Landscape in Thailand, where EY teams use the four-step approach in analyzing the ecosystem: Assess the FinTech ecosystem, Identify the trends and opportunities, Understand the macroeconomic and digital factors driving the FinTech development at national level and Discuss the notable FinTech companies to look out for in the years to come.

EY - Key Areas of FinTech Development

EY - Pillars of Thailand FinTech Ecosystem

With the continuous evolution in the Thailand FinTech ecosystem, EY ASEAN FinTech team is confident that it will benefit FinTech startups, investors, governments, educational institutions, accelerators and incubators. This will allow them to have a better overview of Thailand’s economy and opportunities available in the market to bring out the potential and greater financial inclusion in Thailand.

Contact us

EY - Ratana Jala

Ratana Jala


Financial Services Assurance Partner
+662 264 9090
EY - Roungkarn Sriprasertsuk

Roungkarn Sriprasertsuk

Financial Services Advisory Partner
+65 6309 8012
EY - Sethapong Yodyossak

Sethapong Yodyossak

Senior Manager, Advisory PI-Customer
+662 264 9090
EY - Varun Mittal

Varun Mittal


EY Global Emerging Markets FinTech Leader
+65 6340 2932
EY - Gopal Kiran

Gopal Kiran


EY ASEAN FinTech Leader
+6 0323887483
EY - Sahil Gupta

Sahil Gupta


EY Singapore FinTech Leader
+65 6340 2912