Daily brief
Regulatory · Thailand · Sat 14 Nov · 2 min read · By Roland Cinco
Thailand lets tourists convert crypto into baht without Thai bank accounts
What happened
Foreign visitors can use WORPT to convert cryptocurrency into baht and spend at Thai shops and restaurants without opening a Thai bank account.
The Edge Malaysia reported on 13 November 2026 that visitors make payments by scanning barcodes widely used in Thailand.
Wipay Co and Waan Exchange Co developed the app, which operates under TouristDigiPay, a regulatory pilot launched by Thailand’s Securities and Exchange Commission.
According to Wipay founder Pavin Jittiwongsamarn, WORPT is targeting crypto holders from South Korea, Japan, the Middle East and Southeast Asia.
The company expects 200,000 users in its first year and projects THB15 billion in spending over the 18-month trial.
Why it matters
Sources: The Edge Malaysia
Related briefs
- Sega Sammy profit jumps 298.6% as gaming losses widenJapan’s Sega Sammy Holdings Inc reported net profit of JPY10.93 billion for the six months to 30 September 2026, up 298.6% year-on-year, GGRAsia reported. According to the company’s 6 November filing, group net sales reached JPY212.58 billion for the April-to-September period, an increase of 5.7% from the prior-year period. Adjusted earnings before interest, taxation, depreciation and amortisation rose 54.0% year-on-year to JPY24.58 billion over the same six months. The gaming business recorded sales of nearly JPY16.36 billion, up 91.1% year-on-year, but reported an operating loss of JPY3.9 billion for the period. In its accompanying presentation, the company said results exceeded expectations across all segments, existing gaming businesses performed steadily, and pachislot and pachinko sales were strong. Gaming-machine sales across North America and Asia totalled 784 units during the six months, up 23.9% from 633 units in the comparable prior-year period. The company attributed solid gaming-machine sales to growth in key series including Railroad Riches and Super Burst, and launched Bonanza Bros. Golden Heist in September.Market · Japan
- GKL net income falls 52.6 percent as costs riseSouth Korean foreigner-only casino operator Grand Korea Leisure reported third-quarter net income of KRW6.95 billion, down 52.6 percent year-on-year and 61.4 percent sequentially. Preliminary results filed with the Korea Exchange on 10 November 2026 showed consolidated sales of just over KRW109.67 billion, up 0.3 percent year-on-year but down 8.9 percent sequentially. Operating income for the three months to 30 September fell 44.4 percent year-on-year to KRW9.62 billion, a decline of 53.8 percent from the preceding quarter. The operating margin narrowed to 8.8 percent, compared with 15.8 percent a year earlier and 17.3 percent in the second quarter. Cost of sales increased 8.0 percent year-on-year to KRW89.96 billion, with higher spending on wages, employee benefits and sales promotion, according to the announcement. Selling, general and administrative expenses increased 15.5 percent to KRW10.09 billion, while finance costs rose to KRW2.99 billion from KRW285 million a year earlier. Third-quarter casino sales fell 1.4 percent year-on-year to KRW134.64 billion and declined 10.9 percent sequentially; consolidated sales reflect deductions and include foreign-exchange income.Market · South Korea
- BLOOM adds Malaysia and Thailand; APAC stablecoin rails widenMalaysia and Thailand joining Singapore's BLOOM cross-border stablecoin and tokenized deposit project extends institutional payment infrastructure across three of Southeast Asia's most active financial markets. The practical effect is that regulated, bank-grade stablecoin settlement corridors between Singapore, Malaysia, and Thailand are now under active development, which accelerates the timeline for operators who use regional treasury or intercompany settlement flows across those jurisdictions.…Regulatory

Comments (0)
Be civil. No promotion. No confidential information.