The Securities and Exchange Commission (SEC) has launched the TouristDigiPay sandbox, a pilot programme to let foreign tourists convert digital assets into Thai Baht for payments on goods and services in Thailand.
Applications from digital asset business operators and e-money service providers opened on 25 September 2025.
TouristDigiPay is designed to test the conversion of digital assets into Thai Baht for foreign tourists, supporting innovation, promoting economic growth and strengthening Thailand’s tourism sector.
Regulations for the project took effect on 24 September 2025 after being published in the Government Gazette.
Licensed digital asset exchanges, brokers or dealers that integrate with e-money service providers can apply, provided they are ready to operate under the format and criteria set by the SEC.
Participants must obtain SEC approval before offering services, which are limited to foreign tourists temporarily residing in Thailand.
They are required to enable spending via Thai QR code scanning, conduct identity verification in line with Anti-Money Laundering Office rules and only facilitate transactions in line with their licensed categories.
Applicants must also submit required data to the SEC, verify the source of digital assets exchanged into Thai Baht, report information regularly and maintain an exit strategy in case of withdrawal from the project.
Applications will be accepted until 26 December 2025. Details are available on the SEC website or emailing dassec@sec.or.th.
Services under the project are expected to begin in the fourth quarter of 2025.
Anek Yooyuen, SEC Deputy Secretary-General and spokesperson, said,
“The TouristDigiPay sandbox is made possible thanks to collaboration from many regulatory agencies. The SEC supports technological development and innovation aimed at enhancing competitiveness.
We believe this project will facilitate convenient spending through Thai QR Code scanning, promote Thailand’s digital economy, and distribute income across communities and localities, while effectively managing potential risks at appropriate levels.”
Featured image: Edited by Fintech News Singapore, based on image by wahyu_t via Freepik
