Wise Launches Multi-Currency Account, Card in Thailand
Wise has introduced its multi-currency account and debit card for Thai users, facilitating payments and currency conversion for over 40 denominations. The service integrates with PromptPay and regional QR networks.
Product Debut and Payment Capabilities
Wise Thailand has introduced its multi-currency account and a linked debit card for customers across the country. The service enables users to hold and convert over 40 different currencies, targeting local travellers, expatriates, and digital nomads.
Users can spend both domestically and internationally using either a physical or digital Wise Card, which also supports contactless payments via Google Pay. The Wise app further integrates with Thailand’s PromptPay network for QR payments.
Additionally, customers travelling within Southeast Asia can utilise supported QR payment systems such as DuitNow in Malaysia, QRPh in the Philippines, and PayNow in Singapore, enhancing regional transaction fluidity.
Regulatory Milestones and Service Expansion
This product launch follows Wise securing the necessary regulatory approvals earlier this year (2026) from the Bank of Thailand and the Ministry of Commerce for its operations in the country. The multi-currency offering builds upon Wise’s existing international money transfer service, which commenced in Thailand in mid-April 2026.
For early adopters of this transfer service, Wise reported that the Australian dollar, euro, and Singapore dollar were the three most frequently transacted destination currencies by volume, indicating key corridors for cross-border financial activity.
User Experience and Localised Restrictions
Kornveena Chatchawalworapong, Wise’s Country Manager for Thailand, stated the new account aims to simplify financial management for individuals navigating multiple currencies. Customers can monitor mid-market exchange rates and applicable conversion fees before transactions, alongside features like bill splitting and ATM search tools.
However, Thai regulatory requirements introduce specific limitations: Wise Cards linked to a Thai-registered account cannot be used for cash withdrawals from ATMs within Thailand, although overseas ATM access remains available. Furthermore, transfers between non-Thai bank accounts involve a two-step currency conversion, potentially leading to higher fees.
Wise’s expansion intensifies competition within Thailand’s digital payments and cross-border finance sectors, potentially driving innovation among local providers. The integration with domestic and regional QR payment networks like PromptPay and PayNow could accelerate the adoption of digital transactions for intra-Asia travel and commerce.
For businesses operating across Southeast Asia, this development highlights a growing demand for streamlined multi-currency solutions, which could influence corporate treasury strategies for managing regional expenses and payroll for a mobile workforce. The service’s specific restrictions also suggest potential differentiation points for other fintechs targeting the Thai market.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
Comments.
Comments are moderated. We remove what is unlawful, abusive or off-topic, and and you remain responsible for what you post.
Reader comments open soon. Until then, corrections and responses go to our newsroom, and we publish what we get wrong on Corrections.