Paysbuy

Paysbuy is a Thai payment-services brand focused on electronic payments and e-wallet services. Founded in 2004 by Aung Kyaw Moe and Suchote Cheewakoseth, it emerged during the early development of Thailand's digital-commerce and online-payment market. The company is described as one of Thailand's three major payment service providers and as the country's first e-wallet service. Paysbuy's business has centered on enabling electronic transactions for consumers and merchants. Its role as a payment processor placed it between users, online businesses, and financial-service infrastructure, supporting the expansion of internet commerce in Thailand. The brand's e-wallet positioning also made it an early participant in the shift from cash and direct bank transactions toward stored-value and digitally mediated payments. In 2008, telecommunications operator DTAC acquired a majority stake in Paysbuy. The transaction connected the payment brand with a large Thai mobile-communications business and provided a corporate setting for developing payment services alongside mobile and digital products. Paysbuy was licensed by the Bank of Thailand to operate an e-money business. It also received DBD Verified Trustmark accreditation from Thailand's Department of Business Development under the Ministry of Commerce, a designation associated with verification of participating online businesses. Paysbuy subsequently changed ownership again. The reference material states that Omise acquired the company in 2017, following DTAC's period as majority owner. This transaction linked Paysbuy with Omise, a payments-technology company, although the available material does not specify the detailed terms, operational integration, or the brand's later market status. Paysbuy's historical significance lies primarily in its early role in Thailand's e-wallet and online-payment ecosystem. It was established before digital wallets became widespread across Southeast Asia and operated during a period when payment processors were helping create the infrastructure for online retail and electronic services. Publicly available information supplied for this entry does not establish its current ownership, product availability, headquarters, executive leadership, or whether the brand remains active as a standalone service. Those points therefore remain unconfirmed.

Paysbuy was established in Thailand in 2004 by Aung Kyaw Moe and Suchote Cheewakoseth. Its creation coincided with the expansion of internet access, online commerce, and demand for payment methods that could operate outside conventional in-person cash transactions. The company developed as a payment processor and e-wallet provider, helping consumers and merchants conduct electronic transactions. The brand is identified as Thailand's first e-wallet service and later became one of the country's three major payment service providers. This early market position gave Paysbuy a role in the formation of Thailand's digital-payment infrastructure, before mobile wallets and app-based financial services became common across the region. Its services were associated with online payments and electronic-money activity rather than with a conventional retail banking model. A significant ownership change occurred in 2008, when telecommunications operator DTAC acquired a majority stake in Paysbuy. The investment placed Paysbuy within the orbit of a major Thai mobile company and reflected the growing relationship between telecommunications, internet services, and electronic payments. The available reference material does not provide detailed information about DTAC's product strategy, financial performance, or the precise operational relationship between the two businesses. Paysbuy received authorization from the Bank of Thailand to operate an e-money business. It was also accredited with the Trustmark, known as DBD Verified, by the Department of Business Development in Thailand's Ministry of Commerce. These credentials are relevant to the company's regulated and digitally operated business model, although the supplied material does not specify the dates of licensing or accreditation. In 2017, Omise acquired Paysbuy. The transaction represented a further shift in the company's ownership and associated payments-technology context. The available source does not detail the acquisition price, post-acquisition management, product consolidation, or whether Paysbuy continued operating as a separate consumer-facing brand. The supplied historical record ends with the 2017 acquisition. It does not establish Paysbuy's current corporate owner, headquarters, leadership team, website, financial results, or active product catalogue. Accordingly, the brand's historical identity as an early Thai e-wallet and payment-processing service is well supported, while its present status requires additional verification.

• 2017

  Omise acquisition

  [1]Paysbuyen.wikipedia.org

  Omise acquired Paysbuy, creating a new ownership phase for the Thai payment brand.

• 2008

  DTAC takes a majority stake

  [1]Paysbuyen.wikipedia.org

  DTAC acquired a majority interest in Paysbuy, bringing the payment provider into the ownership structure of a major Thai telecommunications operator.

• 2004

  Paysbuy founded

  [1]Paysbuyen.wikipedia.org

  Aung Kyaw Moe and Suchote Cheewakoseth founded Paysbuy in Thailand as an electronic-payment and e-wallet business.

An early Thai digital-payments and e-wallet provider serving consumers and online merchants.

• E-wallet · 2004

  Paysbuy e-wallet

  Paysbuy's e-wallet service was the central expression of its early digital-payment proposition. It enabled electronic money and online transactions for users in Thailand and helped establish the company as an early participant in the country's wallet market. The supplied sources do not describe current functionality, supported funding methods, or whether the service remains available.

• Payment processing · 2004

  Paysbuy online payment processing

  Paysbuy operated as a payment processor for electronic transactions, serving the needs of online users and merchants. Its processing activities formed part of the infrastructure supporting Thailand's developing e-commerce economy. Detailed information about merchant products, transaction methods, pricing, and current availability is not provided in the supplied material.

• Electronic money

  Paysbuy electronic money services

  The company was licensed by the Bank of Thailand to operate an e-money business. This regulatory authorization supported Paysbuy's role in providing digitally stored and transferred value, although the available reference does not specify the license scope, limits, or subsequent regulatory status.

• 2017

  Omise acquisitionM&A

  Background

  After DTAC had held a majority stake, Paysbuy entered another ownership transition within the payments-technology sector.

  Action taken

  Omise acquired Paysbuy.

  Aftermath

  The acquisition placed Paysbuy under Omise ownership. The available material does not confirm the subsequent brand, product, or management structure.

  Source

• 2008

  DTAC majority investmentM&A

  Background

  Paysbuy was an early Thai e-wallet and payment provider, while DTAC was a major telecommunications operator expanding its relationship with digital services.

  Action taken

  DTAC acquired a majority stake in Paysbuy.

  Aftermath

  Paysbuy became associated with DTAC's corporate group. The supplied sources do not provide financial terms or detailed operational consequences.

  Source

1. 1Paysbuyen.wikipedia.org