MIAMI – (BUSINESS WIRE) – Transak, a simple integration of applications to accept fiat-to-crypto deposits from a global user base, today announces the availability of local payment methods for Thailand users. This service is now available in the Transak widget and gives users the opportunity to buy crypto via debit / credit cards, Bangkok Bank iPay and Mobile Banking and Statistics Sweden Easy Pay and Mobile Banking.
As cryptocurrencies and dApps become more and more popular in the Southeast Asia (SEA) region, Transak saw a need to facilitate crypto-onboarding and has added these local payment methods. Thailand is one of the first countries in the SEA to have adopted cryptocurrency legislation, regulating the supply of digital assets and opening the doors to cryptocurrency-related businesses. This availability will allow Thai users to board from fiat to crypto efficiently with reduced fees.
“Transak has reached a point in its development where expansion to new regions such as Southeast Asia is inevitable. We are committed to creating opportunities for new target groups to be able to embark from fiat to crypto intuitively and will continue this mission as part of the roadmap “As NFTs and cryptocurrencies continue to grow in popularity, our team saw that this was the right time for us to offer our services.”
“With our ever-growing penetration in Southeast Asia, this was a demand from our partners,” said Sharad Agarwal, Product Manager at Transak. “We are very pleased that our Thai users can now make transactions with the chosen payment instrument and take part in using Web3 technology throughout the region.”
Transak plans to facilitate Web3 onboarding for more regions by 2022 and is actively working to add more local payment methods for its supported countries to make this a reality. To learn more about the Transak widget, its tokens and how to use the ramp, visit www.transak.com.
About Transak
Transak is a simple integration of applications to enable fiat-to-crypto on-ramp from a global user base. It does so by offering API-driven fiat payment methods to ramp up 100+ cryptocurrencies and abstract the complexity of user-KYC, risk monitoring and compliance, payment methods and customer support. Transak’s widget can be integrated into an app in just a few lines of code. Transak is supported by top VCs, including Consensys, and is a graduate of the Tachyon Accelerator program. Connect Transak on Twitter or LinkedIn, or visit for more information.
