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GHL, a Malaysia-headquartered payment service provider, has integrated Ant Group’s Alipay+ into its system, allowing over 2,600 local businesses in Thailand to accept payments from digital wallets such as South Korea’s Kakao Pay, Hong Kong’s AlipayHK, China’s Alipay, and Malaysia’s Touch ‘n Go eWallet.
Following this expansion, tourists in Thailand can shop at over 5,000 retail outlets with the said digital wallets.
With the country achieving its 6.15 million visitor target in the first quarter of 2023, the partnership with Alipay+ is expected to make cross-border transactions more seamless.
“As digital transactions continue to rise, the economy benefits from enhanced transparency, efficiency, and security, positively impacting multiple sectors and promoting overall economic development,” GHL Thailand CEO Prinya Jinantuya said in a press statement.
Founded in 1994 and listed on the Bursa Malaysia since 2003, GHL offers a range of payment and fintech solutions for online and offline merchants. Besides Malaysia and Thailand, the firm operates in the Philippines, Indonesia, Singapore, and Australia.
The company last announced that it would extend Grab Malaysia’s buy now, pay later solution to offline merchants through their partnership.
See also: Regional cross-border payments open new growth avenues for Indonesian fintech
Editing by Miguel Cordon and Dhania Putri Sarahtika
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