Paotang

Key details

• Parent: users

Overview

Paotang is Thai government super-app wallet for social welfare + government services + Krungthai Bank SET: KTB-operated on behalf of Thai government + Thailand's largest government-anchored super-app wallet by users + ~40M+ Thai users + Khon La Krueng + We Travel Together + Yingyai social welfare government programs [1, th-cro].

History

Apr 2020 — Paotang launched by Krungthai Bank on behalf of Thai government as Thai government super-app wallet for social welfare + COVID-19 emergency aid distribution distinctive Thai government super-app wallet heritage.

Oct 2020 — Khon La Krueng Thai government 50:50 retail subsidy program rolled out via Paotang.

2024 — Paotang crosses 40M+ Thai user milestone.

Ownership & operator

Operating entity: Paotang (Thai government super-app wallet for social welfare + government services; Krungthai Bank-operated on behalf of Thai government).

Major shareholders: Krungthai Bank (SET: KTB; Thai federal state-owned commercial bank) operates Paotang on behalf of Thai government + Thai Ministry of Finance regulatory + funding role.

Regulators: BoT Thailand + Thai Ministry of Finance + Krungthai Bank.

Technical integration

Paotang mobile app (iOS + Android; ~40M+ Thai users); TH IBAN + PromptPay + Thai QR Payment.

Implementations & partners

Krungthai Bank operator: [[krungthai-bank]] (Krungthai Bank Krungthai NEXT; SET: KTB; Thai federal state-owned commercial bank; Paotang operator on behalf of Thai government).

Major Thai mobile wallet + payments competitors: [[truemoney]] (TrueMoney Thai mobile wallet; True Corporation + Ascend Money + Ant Group JV; ~25M+ Thai users; Southeast Asia's largest super-app mobile wallet by user reach) + [[kasikorn-bank]] (Kasikornbank K PLUS; SET: KBANK; ~20M+ Thai retail customers) + [[siam-commercial-bank]] (Siam Commercial Bank SCB EASY; SET: SCB; ~15M+ Thai retail customers) + [[bangkok-bank]] (Bangkok Bank Bualuang mBanking; SET: BBL; ~17M+ Thai retail customers) + [[shopeepay]] (ShopeePay; Sea Limited mobile wallet; Thai operations) + [[grabpay]] (GrabPay; Grab mobile wallet; Thai operations) + [[line-pay]] (LINE Pay; LINE mobile wallet; Thai operations) + [[rabbit-line-pay]] (Rabbit LINE Pay Thailand; BTS Group + LINE Thai transit + mobile wallet) + [[dolfin-wallet]] (Dolfin Wallet Thailand; Central Group + Ascend Money Thai mobile wallet for Central Group retail).

Regulators: BoT Thailand + Thai Ministry of Finance + Krungthai Bank.

Status

Active, Thai government super-app wallet for social welfare + government services + Krungthai Bank SET:KTB-operated on behalf of Thai government + Thailand's largest government-anchored super-app wallet by users + ~40M+ Thai users + Khon La Krueng + We Travel Together + Yingyai social welfare government programs [1, 2].

Sources

• 1 Paotang — official
• 2 Krung Thai Bank — Wikipedia
• th-cro In-corpus: reports/countries/TH-thailand.md

Source

Biography extracted from paotang.md. See matrix.md for standards-support matrix if present.