You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

March 30, 2026

Thailand Issues New Competition Guidelines for Multi-Sided and E-commerce Platforms

On March 24, 2026, the Trade Competition Commission of Thailand (TCCT) published its long-anticipated Guidelines on Multi-Sided Platforms and E-Commerce Businesses in the Government Gazette, following the conclusion of a public hearing conducted last year. The guidelines entered into force on March 25, 2026, and significantly expand the application of Thai competition law to digital platform ecosystems.

These rules introduce targeted restrictions on platform conduct, such as price-ranking algorithms and tying and bunding, that leverages network effects, and will have far-reaching implications across Thailand’s digital economy—affecting not only platform operators but also platform participants, including sellers, logistics providers, advertisers, and payment service providers operating on or alongside such platforms.

The guidelines clarify how existing prohibitions under the Trade Competition Act B.E. 2560 (2017) (TCA)—including abuse of market dominance, cartel conduct, and unfair trade practices—apply in the context of platform-based business models. While many provisions reflect earlier draft guidelines, the final version delivers more precise definitions and clearer enforcement parameters, increasing regulatory certainty while also raising compliance expectations.

Applicability

The guidelines introduce core definitions that determine their coverage:

  • Multi-sided platform: A platform that acts as an intermediary connecting two or more groups of users, enabling them to have direct interaction in order to exchange or rely on services from one another. Examples include digital platforms for trading goods or services (e-commerce), as defined below.
  • Digital platform for trading goods or services (e-commerce): A platform that acts as an intermediary connecting the distribution, purchase, sale, or exchange of goods or services. This includes operations carried out to facilitate transactions or interactions between business operators through an electronic transaction system, regardless of whether a service fee is charged.
  • Operator of a digital platform business for trading goods or services: A provider of digital platform services for trading goods or services, as described above, operating by receiving purchase orders for goods or services transacted via electronic systems, whether in the form of an electronic marketplace, social media marketplace, or any other format that connects purchase orders for business operators’ goods or services through an electronic system.

The scope of the guidelines is intentionally broad and extends to sellers, carriers, digital media advertisers, payment channels, and platform operators that use algorithms to rank, match, or display goods or services.

Restriction of Practices

The guidelines do not adopt a per se illegality standard but rather apply a rule-of-reason principle to various price-related practices and other conduct, as described below. The conduct may still be acceptable—or in other words, not considered unfair or unreasonable—if it meets specific criteria for exemption, such as being supported by sound economic, business, or technological reasoning, or aligning with established trade practices and market customs intended to enhance or maintain competition.

The conduct must not significantly harm overall market competition, nor should it result in excessive restriction, distortion, or the imposition of an unfair burden on other business operators. Regulatory assessment may also take into account external factors such as contractual relationships and other legal limitations.

Price-Related Practices Under Scrutiny

The price-related practices now within the TCCT’s enforcement focus include:

  • Below-cost pricing: Setting prices for goods or services below their total average cost, including charging fees, expenses, or other benefits at a rate lower than the average total cost.
  • Predatory pricing: Charging fees, expenses, or other benefits at a rate lower than the average variable cost from sellers, carriers, digital media advertisers, and payment channels with the objective of foreclosing competitors. Predatory pricing requires demonstrable or foreseeable recoupment to offset previous losses and maximize long-term profits.
  • Rate parity clauses: Requiring sellers to match the platform’s prices across other channels or preventing sellers from offering lower prices elsewhere.
  • Resale price maintenance: Dictating the resale price at which sellers offer goods or services.
  • Refusal to deal: Refusing to deal with sellers who do not comply with specified pricing requirements.
  • Excessive or unreasonable pricing: Charging commissions, advertising fees, logistics fees, promotional fees, or payment-processing fees that are not reasonably justified or proportionate.
  • Price discrimination: Charging different prices or fees to similarly situated sellers or service providers.
  • Price-ranking algorithms: Using algorithms that systematically prioritize or deprioritize goods or services based on pricing in a manner that harms fair competition.

Nonprice Conduct Under Scrutiny

The guidelines also impose extensive restrictions on nonprice conduct common in platform operations, including:

  • Visibility reductions: Lowering the search ranking or display prominence of sellers’ products.
  • Self-preferencing: Favoring the platform’s own goods or services over third-party offerings.
  • Exclusionary conduct toward carriers: Refusing to allow goods delivery by seller-chosen carriers or setting default carrier assignments that prevent sellers from selecting alternative logistics providers.
  • Mandatory sales promotions: Compelling participation in sales promotion activities for an extended and continuous period, such as recurring monthly “double-date” sales promotions.
  • Mandatory payment channels: Requiring the use of payment services provided or designated exclusively by the platform.
  • Coercion to purchase: Requiring the purchase or use of any services without reasonable justification—such as utilizing a designated media advertiser.
  • Exclusive dealing arrangements: Requiring sellers to list or sell goods exclusively through the platform, or prohibiting sellers from offering products on competing platforms.
  • Refusal to deal: Banning seller accounts, delisting products, or refusing to transact with sellers.
  • Restriction of alternatives: Forcing sellers to purchase unrelated services or agree to unrelated contract terms as a condition of platform access (tying and bundling), anticompetitive use of third-party data, limiting seller choice and delisting carriers
  • Discrimination: Ranking discrimination and quantity discrimination against certain carriers.
  • Abusive data leveraging: Using competitively sensitive data obtained from third-party sellers to benefit the platform’s own competing products.
  • Self-preferencing through data use: Exploiting proprietary data to advantage the platform’s offerings.
  • Collusive conduct: Platforms colluding with one another on competitive terms, including keyword-bidding collusion.

Next Steps

The TCCT has enforcement authority to investigate, issue cease-and-desist orders, and impose penalties for violations. Platform operators and participants should review their commercial terms, algorithms, pricing policies, and contractual arrangements to ensure compliance with the new restrictions. Companies should also consider conducting internal compliance assessments and seeking legal guidance to address any potentially problematic practices before enforcement actions commence.

RELATED INSIGHTS​ 

May 2, 2025
Attorneys from Tilleke & Gibbins have updated the latest edition of Doing Business in Thailand, a Q&A-style guide from Thomson Reuters Practical Law that offers an overview of key legal considerations for companies operating in jurisdictions worldwide. The contribution outlines the country’s legal and regulatory framework for foreign investment and business operations and reflects the latest legislative developments. The chapter addresses the following core topics: Legal system: Structure of the courts and the codified nature of Thai law. Foreign investment: Business restrictions under the Foreign Business Act, sector-specific regulations, exchange control rules, and investment incentives. Business vehicles: Overview of partnerships, private and public limited companies, and other legal entities. Employment: Labor protections, employment contracts, foreign worker requirements, and termination procedures. Tax: Corporate and personal income tax, indirect taxes, and tax obligations for residents and non-residents. Intellectual property: Registration and enforcement of patents, trademarks, designs, and copyrights. Data protection: Key provisions of the Personal Data Protection Act and related compliance obligations. Competition law: Regulatory framework under the Trade Competition Act. Anti-bribery and corruption: Relevant legislation and enforcement mechanisms. E-commerce and digital business: Legal regime for online transactions and digital platforms. Marketing and advertising: Consumer protection laws and regulations affecting advertising and marketing practices. Product regulation and liability: Safety standards, liability regimes, and roles of enforcement authorities. Practical Law, a legal reference resource from Thomson Reuters, publishes a range of guides for hundreds of jurisdictions and practice areas. The insurance and reinsurance guide is a valuable resource for legal practitioners, covering numerous jurisdictions worldwide. To view the latest version of the guide, please visit the Practical Law website and enroll in the free Practical Law trial to gain full access.
April 30, 2025
With a favorable crypto climate from the Trump administration in the United States, Thailand is ready for digital asset platforms and has market appetite. This article highlights the country’s regulatory initiatives supporting the growth of digital assets like crypto, stablecoins, and smart contracts, along with efforts to establish clear oversight. Bank of Thailand Sandbox Stablecoins used as a medium of payment, particularly those pegged to the Thai baht (THB) for public use, are considered as mirroring fiat currency, which violates the Currency Act B.E. 2501 (1958). These can also be classified as e-money under the Payment Systems Act B.E. 2560 (2017). The Bank of Thailand (BOT) urges issuers to engage in preconsultation prior to implementation, due to concerns about stablecoins being used in place of THB currency. Other FX- or asset-backed stablecoins are not recognized as legal tender under Thai law, and users must bear their own risks. The BOT recognizes the potential and benefits of these technologies in reducing operational costs for financial service providers and addressing the needs of financial service users. Consequently, the BOT issued a sandbox framework in June 2024. In particular, the enhanced regulatory sandbox allows nonlicensed entities to test financial innovations in controlled conditions. These tests must have a clearly defined duration (usually under one year) and involve a limited user group with an exit strategy. Several programmable payment projects—automated transactions with predefined conditions for the payment of goods and services—were piloted under this sandbox, which closed for applications in September 2024. Eight participants are planning to launch their test runs this year, some of which include asset tokenization or exchange global stablecoins in their programmable payment projects. Thai Securities and Exchange Commission Sandbox Given that digital asset businesses fall under the Royal Decree on Digital Asset Businesses B.E. 2561 (2018), supervised by
April 30, 2025
The Bank of Thailand (BOT) is accepting public comments until May 2, 2025, on three draft notifications that will institute an enhanced supervision scheme and impose additional requirements for systemically important retail payment system (SIRPS) operators to align with international standards and encourage open infrastructure and competition. The SIRPS operators will be determined by the BOT from the “designated payment system operators” under the Payment Systems Act B.E. 2560 (2017). SIRPS Designation The BOT will announce a list of payment system operators designated as SIRPS operators and thus subject to enhanced supervision. The BOT will evaluate whether the payment system operator should be deemed a SIRPS operator when it meets the criteria in either the BOT’s quantitative or qualitative assessments, which cover the following: Quantitative assessment: The payment system’s transaction values, market share, cross-border payment network scale and value, and settlement with other financial market infrastructure. Qualitative assessment: The payment system’s function as a part of the country’s payment system infrastructure, the significance of the system users’ roles in the payment services, the substitutability of the payment system, and the impact level on the public and users in the event of an emergency or system suspension. Supervision of SIRPS Business Operations SIRPS operators will be subject to heightened supervision in three areas, in addition to various BOT regulations on designated payment system supervision, as follows: Governance: SIRPS operators will be required to have a balanced board composition with an independent director and directors with varied expertise, establish subcommittees to assist the board in supervising the operator’s compliance with its policy and strategy, and have senior executives overseeing risk and technology security separately from the executives overseeing business operations. Risk management and security: SIRPS operators will be required to have comprehensive risk management to ensure system stability and security. This
April 28, 2025
In recent years, Vietnam has positioned itself among the leading countries in the world in terms of digital asset ownership and trading volume. This rapid adoption reflects the country’s growing digital economy and the increasing engagement of individuals and businesses in blockchain-based financial activities. Central to this growth are Resolution No. 57-NQ/TW of the Politburo dated December 22, 2024, on breakthroughs in science, technology, innovation, and national digital transformation with a vision to 2045 (“Resolution 57”) and Resolution No. 03/NQ-CP of the Government dated January 9, 2025, promulgating the Action Plan to Implement Resolution 57 (“Resolution 03”), which outline a flexible and innovative policy framework that embraces pilot programs for emerging technologies to lay the groundwork for Vietnam’s legislative framework concerning cryptocurrency and blockchain technologies. Regulatory clarity in terms of digital assets and blockchain technologies is now more critical than ever for businesses and investors. In light of this, Vietnam is currently in the process of introducing three key legal instruments, with drafts of the Law on Digital Technology Industry (“Draft DTI Law”), Resolution of the National Assembly on the Establishment of Regional and International Financial Centers in Vietnam (“Draft Financial Center Resolution”), and Resolution of the Government on the Pilot Implementation of Crypto Asset Markets in Vietnam (“Draft Crypto Pilot Resolution”) nearing promulgation. Current Regulatory Direction and Schedule Vietnam’s regulatory framework for crypto assets and blockchain has been in a developmental stage since 2017, focusing on directions, plans, and schedules rather than established regulations. In February 2024, under Decision No. 194/QD-TTg of the Prime Minister, the Ministry of Finance (MOF) was assigned to draft a legal framework to either prohibit or regulate virtual assets and service providers by May 2025, signaling a clearer regulatory direction. In March 2025, Directive No. 05/CT-TTg of the Prime Minister directed the MOF