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Thailand

With a population of 68 million, Thailand is the second largest economy in South-east Asia after Indonesia with a GDP of US$397.475 billion.

With a population of 68 million, Thailand is the second largest economy in South-east Asia after Indonesia with a GDP of US$397.475 billion.

It has an internet penetration rate over 40%, approaching 30 million users, and fits the model of Asian countries undergoing a digital revolution allied to an increase in middle class wealth.

Thailand’s online retail market is one of the largest in South East Asia, valued at USD3 billion with a significant potential growth rate.

The numbers

Internet Users Icon
Internet Users
29,078,158
Total Population Icon
Total Population
68,146,609
Share of Indonesia Population Icon
Share of Thailand Population
42.7 %
(penetration)
Share of World Internet Users Icon
Share of World Internet Users
0.8 %
Online Shopping Volume Icon
Online Shopping Volume
USD2,945m
per annum
Expected Annual Growth Rate Icon
Expected Annual Growth Rate
15.9 %
Source: internetlivestats.com and statista.com

PaySec payment methods

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Local Bank Transfer

Our local bank transfer solutions integrate directly with your clients’ online banking system.

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EasyPay

EasyPay is PaySec’s bespoke direct bank transfer solution with funds made available in real-time.

Did you know

Did you know (Graphic)

SECOND LARGEST ECONOMY

Thailand is the second largest economy in South-east Asia after Indonesia with a GDP of US$397.475 billion as of 2015.

MODE OF PAYMENT

80% are using bank transfer as their mode of payment online or debit as their second option.

BUY OFFSHORE PRODUCTS

56% of Thais are willing to buy products offshore for better prices.

DOMESTIC DELIVERY SERVICE

Fulfilment for ecommerce Merchants wanting to do business in Thailand is getting easier, as indicated by DHL’s early 2016 announcement of a domestic delivery service.

Further reading

Amazing Thailand: Full of Eastern Promise (Graphic)

Amazing Thailand: Full of Eastern Promise

The ecommerce industry in Thailand is still in tis nascent stages but showing signs of rapid growth. Read more

Lands of Infinite Variety (Graphic)

Lands of Infinite Variety

The Asian payments landscape is incredibly complex with myriad payment options in each territory. Read more