🇹🇭 Pay Suppliers in Thailand
Pay Thai suppliers for automotive parts, textiles, food products, electronics
T+0 (2.3s avg within Unicorn network). Save 81% vs traditional banks.
What you need to send money to Thailand
What details do I need to pay suppliers in Thailand?
To pay suppliers in Thailand you need the recipient's Branch Code + Account (Thai baht transfer: branch code and account number), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Thailand?
Payments to Thailand settle in an average of 2.3 seconds when using local rails such as PromptPay, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Thailand?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 81% versus banks (e.g. £505 vs £2625 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Thailand
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.6% | 0.5% |
| Payment Fee | £25 | £5 |
| Total Cost (£100,000) | £2,625 | £505 |
| YOUR SAVINGS | N/A | £2,120 (81%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Thailand
Avoid expensive SWIFT fees. We use local payment systems in Thailand for faster, cheaper settlement.
PromptPay
Thailand instant payment system, 50M+ users
BAHTNET
Bank of Thailand RTGS for large-value payments
Thai QR Payment
Unified QR code payment standard
Who Uses This Payment Corridor
Key Industries in Thailand
- Automotive
- Textiles
- Food & Beverage
- Electronics
- Rubber
Average Transaction: £40k-£180k
Typical Monthly Volume: £250k-£2.5M
Popular Supplier Types
- Automotive parts (Bangkok, Rayong)
- Textile manufacturers (Bangkok, Chiang Mai)
- Food processors (Bangkok, Chonburi)
- Electronics assemblers (Ayutthaya)
What You Need to Know: Thailand Payments
Regulatory Considerations
- Bank of Thailand FX regulations
- Thai Customs documentation
- VAT (7%) on imports
- BOI (Board of Investment) incentives for certain sectors
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
Why Choose Unicorn for Thailand Payments
Local Rails, Not SWIFT
We use PromptPay and other local systems in Thailand. Avoid 3-4% SWIFT fees and 2-3 day delays.
81% Lower Costs
Save £2,120 on every £100,000 payment. On £250k-£2.5M monthly volume, save up to £63,600 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Thailand payments.
Real-Time FX Tracking
Upload supplier invoices in THB. See live P/L as GBP/THB rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Thailand? Save 81%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Thailand
For businesses with high annual FX volume. Not consumer transfers.