Pharmaceutical & Medical Supplies: Pay Thailand Suppliers Fast
Import pharmaceuticals, medical devices, and healthcare supplies Send THB payments to Thailand suppliers with t+0 (2.3s avg within unicorn network). Save 81% vs traditional banks.
Save £2,120 per £100k Payment
Typical savings for Pharmaceutical & Medical Supplies paying Thailand suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Transparent pricing
- ✓ PromptPay available
- ✓ 0.14s automated compliance
At £400k-£4M monthly volume, save £25,440/year
Common Challenges: Pharmaceutical & Medical Supplies in Thailand
Industry Pain Points
- Strict regulatory compliance (MHRA, FDA)
- Temperature-controlled logistics
- High value, low volume shipments
- Payment timing critical for batch releases
Country-Specific Considerations
- Bank of Thailand FX regulations
- Thai Customs documentation
- VAT (7%) on imports
- BOI (Board of Investment) incentives for certain sectors
How Unicorn Solves Pharmaceutical & Medical Supplies Payment Challenges in Thailand
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use PromptPay for instant THB settlement.Thailand instant payment system, 50M+ users
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Thailand regulations.Bank of Thailand FX regulations handled automatically.
Pharmaceutical & Medical Supplies Payment Profile
Understanding the payment dynamics of Pharmaceutical & Medical Supplies when paying Thailand suppliers
⏱ Payment Timing
Payment upon batch release approval (not shipment). LC for first orders. Net 45-60 for established Indian generics suppliers.
📄 Invoice Terms
LC at sight for APIs over £100k. Net 45-60 for generics (India). Net 30 for EU medical devices. Escrow for clinical trial materials.
Steady with flu season spikes (Oct-Mar). NHS contract cycles. Pandemic/epidemic surges unpredictable. Clinical trial timelines project-based.
📊 FX Risk Profile
MODERATE: INR (generics), CHF (branded), EUR (devices). High margins (40-60%) on branded provide FX buffer. Generics (15-25%) more FX-sensitive.
Long-term relationships critical for supply continuity. Indian generics (price), Swiss/German (quality/branded). Audited supplier lists required.
Common Documentation for Pharmaceutical & Medical Supplies
- Certificate of Analysis (CoA)
- Certificate of Pharmaceutical Product (CPP)
- GDP Compliance Certificate
- Import License (MHRA)
- Temperature Log/Data Logger Records
Popular Thailand Supplier Types for Pharmaceutical & Medical Supplies
Common Thailand Suppliers
- Automotive parts (Bangkok, Rayong)
- Textile manufacturers (Bangkok, Chiang Mai)
- Food processors (Bangkok, Chonburi)
- Electronics assemblers (Ayutthaya)
Payment Tips for Thailand
- Thailand = Automotive hub (Toyota, Honda), food export leader
- PromptPay widely adopted - instant B2B payments
- Bangkok + Eastern Economic Corridor = Manufacturing zones
- Seasonal considerations - monsoon affects logistics
Ready to Pay Thailand Suppliers 81% Cheaper?
Join Pharmaceutical & Medical Supplies businesses saving £2,120 per £100k payment with t+0 (2.3s avg within unicorn network).
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