Wallets/krungthai-bank
Krungthai NEXT
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Overview
Krungthai NEXT is Krung Thai Bank's mobile banking app + Thailand's state-controlled bank + PaoTang Thai government benefits platform + QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT [1, 2, th-cro]. Thailand's state-controlled bank + Krung Thai Bank one of Thailand's Big-4 commercial banks (Bangkok Bank + Krungthai Bank + Siam Commercial Bank + Kasikornbank); PaoTang Thai government benefits platform distinctive Thai state benefits delivery; QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT distinctive Thai-Laos cross-border banking; 1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank post-Thai state banking consolidation.
Distinctive Krungthai NEXT positioning:
- Thailand's state-controlled bank (Thai government Vayupak Fund + Crown Property Bureau majority controlling)
- Krung Thai Bank one of Thailand's Big-4 commercial banks (Bangkok Bank + Krungthai Bank + Siam Commercial Bank + Kasikornbank)
- PaoTang Thai government benefits platform distinctive Thai state benefits delivery
- QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT distinctive Thai-Laos cross-border banking
- 1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank post-Thai state banking consolidation
- 1989 Krung Thai Bank IPO on SET post-Thai banking modernization
- Krungthai NEXT Thai QR + PromptPay + Lao QR full support + cross-border Thai-Laos QR
History
1966 — Krung Thai Bank founded by Thai government merger of Agricultural Bank + Mong Khol Thai Bank as Thai state-controlled commercial bank.
1989 — Krung Thai Bank IPO on SET (Stock Exchange of Thailand).
2018 — Krungthai NEXT mobile banking app launches as Thai mobile-first state banking.
2020 — PaoTang Thai government benefits platform launches post-COVID-19 Thai government benefits distribution.
2022 — QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT launch [1, 2].
Ownership & operator
Operating entity: Krung Thai Bank PCL (SET: KTB; Thai government Vayupak Fund + Crown Property Bureau majority controlling).
Major shareholders: Thai government Vayupak Fund + Crown Property Bureau majority controlling + Thai institutional + retail + foreign investors.
Regulator: BOT (Bank of Thailand).
Technical integration
Krungthai NEXT mobile banking app (iOS + Android) + krungthai.com online + Krung Thai Bank branch network Thailand + Krung Thai Bank Visa + Mastercard cards; Thai QR + PromptPay + Lao QR (cross-border); PaoTang Thai government benefits platform distinctive Thai state benefits delivery + QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT distinctive Thai-Laos cross-border banking.
Users & growth
Thailand's state-controlled bank + Krung Thai Bank one of Thailand's Big-4 commercial banks + PaoTang Thai government benefits platform distinctive Thai state benefits delivery.
Use cases
Thai retail + private + SME + commercial + state benefits banking via Krungthai NEXT mobile + krungthai.com online + Krung Thai Bank branch network + Visa/Mastercard cards + PaoTang Thai government benefits platform; Thai QR + PromptPay + Lao QR (cross-border); QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT distinctive Thai-Laos cross-border banking.
Implementations & partners
Operator: Krung Thai Bank PCL (SET: KTB; Thai government Vayupak Fund + Crown Property Bureau majority controlling); Thai government Vayupak Fund + Crown Property Bureau majority controlling + Thai institutional + retail + foreign investors.
Cross-border Thai-Laos partnership: QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT with BCEL (Banque pour le Commerce Exterieur Lao Public) Lao state-controlled bank distinctive Thai-Laos cross-border banking.
Thai government benefits platform: PaoTang Thai government benefits platform distinctive Thai state benefits delivery (COVID-19 relief + welfare benefits + state subsidies + Half-Half program + Khon La Khrueng program + Tour Theaw Thai program).
Major Thai banking competitors: Bangkok Bank (Thailand's largest commercial bank by assets) + [[kasikorn-bank]] (Thailand's #1 mobile banking app by market share; 22.2M+ K PLUS users; 17M Active App Users + 15M MAU; 1 in 3 Thai online transactions on K PLUS; 2025 China + Vietnam + Indonesia expansion) + Siam Commercial Bank (SCB; Thai royal-backed banking heritage) + TMBThanachart Bank (Thai post-merger banking) + Krungsri (Bank of Ayudhya; MUFG Japanese parent ~76%) + CIMB Thai (Malaysian CIMB Thai subsidiary) + [[truemoney]] (Thai dominant mobile wallet; CP Group + Ant Financial) + [[rabbit-line-pay]] (Thai LINE-anchored mobile wallet).
Regulator: BOT.
Fun facts
- Thailand's state-controlled bank (Thai government Vayupak Fund + Crown Property Bureau majority controlling).
- Krung Thai Bank one of Thailand's Big-4 commercial banks (Bangkok Bank + Krungthai Bank + Siam Commercial Bank + Kasikornbank).
- PaoTang Thai government benefits platform distinctive Thai state benefits delivery (COVID-19 relief + welfare benefits + state subsidies + Half-Half program + Khon La Khrueng program + Tour Theaw Thai program).
- QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT distinctive Thai-Laos cross-border banking.
- 1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank post-Thai state banking consolidation.
- 1989 Krung Thai Bank IPO on SET post-Thai banking modernization.
- Krungthai NEXT Thai QR + PromptPay + Lao QR full support + cross-border Thai-Laos QR.
Comparison
| Feature | Krungthai NEXT | [[kasikorn-bank]] (Thailand's #1 mobile banking app by market share rival; 22.2M+ K PLUS users) | Bangkok Bank (Thailand's largest commercial bank by assets rival) | Siam Commercial Bank (SCB; Thai royal-backed banking heritage rival) | [[truemoney]] (Thai dominant mobile wallet rival; CP Group + Ant Financial) |
|---|---|---|---|---|---|
| Operator | Krung Thai Bank PCL (SET: KTB; Thai government Vayupak Fund + Crown Property Bureau majority controlling) | Kasikornbank PCL (SET: KBANK; one of Thailand's Big-4 commercial banks) | Bangkok Bank PCL (SET: BBL; one of Thailand's Big-4 commercial banks) | Siam Commercial Bank PCL (SET: SCB; one of Thailand's Big-4 commercial banks) | TrueMoney (CP Group + Ant Financial JV) |
| Type | Thailand's state-controlled bank + Krung Thai Bank one of Thailand's Big-4 commercial banks + Krungthai NEXT mobile banking + PaoTang Thai government benefits platform distinctive Thai state benefits delivery + QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT | K PLUS Thailand's #1 mobile banking app by market share + 22.2M+ users + 17M Active App Users + 15M MAU + 1 in 3 Thai online transactions on K PLUS + 2025 China + Vietnam + Indonesia expansion | Thailand's largest commercial bank by assets + Bangkok Bank Mobile Banking | Thai royal-backed banking heritage + SCB EASY mobile banking | Thai dominant mobile wallet + CP Group + Ant Financial JV |
| Country | TH + LA (Krungthai NEXT cross-border PromptPay-LaosQR) | TH + CN + VN + ID + KH + LA + MM | TH + 14 countries (Asia + US + UK) | TH | TH + VN + MM + KH + ID + PH |
| Distinctive | 1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank; 1989 Krung Thai Bank IPO on SET; 2018 Krungthai NEXT mobile banking app launch; 2020 PaoTang Thai government benefits platform launch (post-COVID-19); 2022 QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT launch | 1945 Kasikornbank founding as Thai Farmers Bank by Choti Lamsam; 2014 K PLUS mobile banking app launch; 22.2M+ K PLUS users + 17M Active App Users + 15M MAU; Kasikorn Vision Information Technology Shenzhen + Kasikornbank Vietnam + Bank Maspion Indonesia 67% stake acquisition | 1944 Bangkok Bank founding; Thailand's largest commercial bank by assets; 14-country international branch network distinctive Thai international banking | 1907 Siam Commercial Bank founding (Thailand's first Thai-owned bank); Thai royal-backed banking heritage; SCB EASY mobile banking | 2003 TrueMoney founding by CP Group; 2016 Ant Financial investment; Thai dominant mobile wallet across Southeast Asia |
Status
Active, Thailand's state-controlled bank + Krung Thai Bank one of Thailand's Big-4 commercial banks + Krungthai NEXT mobile banking + PaoTang Thai government benefits platform [1, 2, 3]:
- Krung Thai Bank PCL (SET: KTB; Thai government Vayupak Fund + Crown Property Bureau majority controlling) since 1966 Krung Thai Bank founding by Thai government merger of Agricultural Bank + Mong Khol Thai Bank + 1989 Krung Thai Bank IPO on SET + 2018 Krungthai NEXT mobile banking app launch + 2020 PaoTang Thai government benefits platform launch + 2022 QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT launch.
- PaoTang Thai government benefits platform distinctive Thai state benefits delivery.
- QR Code Cross Border Payment Thailand-Laos via Krungthai NEXT distinctive Thai-Laos cross-border banking.
- BOT regulated.
Sources
- 1 Payment Systems — Bank of Thailand
- 2 About us — Krung Thai Bank
- 3 Krung Thai Bank — Wikipedia
- th-cro In-corpus:
reports/countries/TH-thailand.md
Source
Biography extracted from krungthai-bank.md. See matrix.md for standards-support matrix if present.