Baidu Wallet launches mobile payment service in Thailand

Baidu Wallet on Wednesday launched its mobile payment service in Thailand in its latest push in foreign markets.

Chinese visiting Thailand can use the mobile payment application to pay for the goods or services rather than cash.

According to the company, the cross-border payment service is connected to more than 400 merchants in four Thai cities-Bangkok, Phuket, Chiang Mai and Pattaya.

Travelers can use Baidu Wallet to scan the quick respond codes of the app's partnered merchants and enter the amount they need to pay. The app will automatically convert it to RMB, saving them the trouble of exchanging currency.

The company added it will soon launch its service to South Korea and Japan. It will also expand its business in Hong Kong, Macao and Taiwan.

A record high of 7.93 million Chinese visited Thailand in 2015. The country has become one of most popular destinations for outbound Chinese travelers.