THE NEWS:
India and Thailand are strengthening their tourism partnership, with growing travel between the two countries and the potential integration of India’s UPI and Thailand’s PromptPay for smoother cross-border transactions. The Thai ambassador to India, Chavanart Thangsumphant, highlighted this synergy during a speech at the FHRAI convention.
DETAILS:
– India and Thailand have an existing strong tourism partnership.
– Growing movement of tourists between the two countries, including Indian destination weddings in Thailand and Thai tourists visiting India.
– Potential integration of India’s UPI and Thailand’s PromptPay digital payment systems to facilitate easier cross-border transactions.
– The Thai ambassador to India highlighted this collaboration during a speech at the 56th Annual Convention of the FHRAI.
LISTS:
WHY IT MATTERS:
This partnership expansion could significantly boost economic ties between India and Thailand, particularly by making cross-border payments easier for tourists and businesses alike. Operators should consider how to leverage these digital payment systems in their travel offerings.
Reference:Source
