The State of the Art and Trend of Cashless Society in Thailand

Abstract

This article focused on the investigation of the state of the art and trend of cashless society in Thailand. The findings stated that e-Money, though no data of PromptPay due to its application in 2017, was the most popular e-payment with 33.58%, followed by Inhouse Funds Transfer (ATM and Internet/Mobile/Telephone) with 28.98%, payment cards like Debit card and Credit card (with 16.15%), and BAHTNET with 0.12%. In addition, according to survey in 2017 by Siam Blockchain, 7.1% of 2,055 respondents started using cryptocurrency for buying goods in their daily lives. In conclusion, Thai Baht still has its intrinsic values because of strong trust of Thais on its values.