Mitihoon – KASIKORNBANK (KBank) is driving Q Wallet by KBank towards real-world adoption by announcing a partnership with King Power Mahanakhon, a landmark tourist destination in Bangkok, to enhance foreign tourists’ payment experience in Thailand, making it more convenient, secure, and cashless. This is enabled through payments using THBS (Programmable Payment) on the Quarix blockchain technology, developed by Orbix Technology and Innovation Co., Ltd. (Orbix Technology), which is part of KASIKORNBANK FINANCIAL CONGLOMERATE. This collaboration represents a milestone in advancing Thailand as a cashless destination, in line with the vision of Thailand’s digital economy strategy.
Dr. Karin Boonlertvanich, KBank Executive Vice President, said that following last year’s successful test of Q-money, an e-money solution on blockchain, within the regulatory sandbox, the Bank has now reached a new milestone. Using Quarix, developed by Orbix Technology, as the foundational blockchain infrastructure, the Bank has further developed Q-money into Q Wallet by KBank. King Power Mahanakhon, a premier travel and lifestyle destination, has joined as the first strategic partner in the Q Wallet ecosystem. This collaboration enables international tourists to use THBS (Programmable Payment), a digital representation of Thai Baht deposits that maintains a stable value, as a medium for real-time exchange. Visitors can seamlessly make payments for goods and services at King Power Mahanakhon via the Q Wallet app by scanning Thai QR Payment. This innovation eliminates the need for cash, currency exchange, or opening a local Thai bank account.
This collaboration reflects KBank’s role in building a digital financial system that understands the preferences of modern travelers – simple to use and highly secure – while helping elevate Thailand as a truly digital destination. Acceptance of Q Wallet enables a seamless, end-to-end experience for travel, shopping, and lifestyle activities at a single destination. To provide a hands-on user experience, participation will be limited in terms of the number of users and transactions during the testing period under regulators’ Enhanced Regulatory Sandbox and Digital Asset Regulatory Sandbox of the relevant regulators, from now until March 23, 2026.
Ms.Aroonroong Srivaddhanaprabha, Assistant Chief Investment Officer, King Power Corporation Co., Ltd., said that King Power Mahanakhon is a world-class destination that integrates lifestyle and digital innovation, with a focus on enhancing the spending experience in line with digital-era tourist behavior. The initiative covers spending within The Standard, Bangkok Mahanakhon hotel – including participating restaurants and services – as well as the Mahanakhon SkyWalk, a globally recognized landmark in the heart of Bangkok, the highest observation deck in Thailand, and one of the most popular attractions among international tourists. This collaboration with KBank aligns with King Power’s vision to elevate world-class shopping and tourism experiences at King Power Mahanakhon, catering to modern travelers who prioritize convenience, speed, and security through digital wallets.
In addition, this partnership marks a milestone in propelling Thailand towards a cashless tourism future. It helps facilitate secure, rapid, and standardized connections between Thai merchants and international travelers, while laying a solid foundation for the country’s long-term digital financial ecosystem.
Dr. Karin concluded that the successful integration of more than 100 merchants represents another significant step in tangibly enhancing the user experience. This achievement also reflects the strong collaboration between the two organizations in collectively driving the country’s digital payment ecosystem towards sustainable growth.
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