The Current Problems
Last updated
Last updated
TomYum Swap: Thailand's vibrant economy and booming tourism industry attract a global audience. However, this influx often faces significant financial obstacles.
Limited Acceptance: International credit and debit cards are often not accepted.
ATM Issues: Travelers frequently face problems with ATM machines, including card retention and security concerns.
Withdrawal Limits: Foreign cards often have restrictive daily withdrawal limits, affecting financial autonomy.
Blocked Cards: Security protocols can block cards after ATM or POS use, causing inconvenience and stress.
High Fees: Users face high fees and reliance on physical locations.
Limited Acceptance: Cryptocurrencies are not widely accepted as payment in Thailand.
Conversion Challenges: Converting crypto to Thai Baht typically requires a local bank account.
QR Payment Restrictions: Non-residents can't use the popular Thai QR instant payment system without a Thai bank account.