The Wat Thipphayawariwihan was established around 1776 AD and is home to an ancient well, which the local people believe to be a holy water source. This spring never runs dry, leading to the temple being affectionately referred to as Wat Kamloyu Yi (where "Kamloyu" means holy water and "Yi" means temple). For many years, the temple was abandoned and had no monks residing there. In 1896 AD, a Chinese monk named Phra Ajahn Haisan from Hunan Province visited Wat Thipphayawariwihan and took up residence. He initiated the restoration of the temple and encouraged both Thai and Chinese communities in the area, with prominent figures such as Mr. Cheng Tek and Mrs. Siu Aom, influential Chinese merchants in the Ming Muang market, leading the efforts. Later, their descendants were granted the surname "Seawtamalan" by King Rama VI, King Vajiravudh. Together, the monk and the community restored the temple to its former glory. King Chulalongkorn (Rama V) subsequently awarded Phra Ajahn Haisan the ecclesiastical title of Phra Phuttakhammawasa, appointing him as the abbot. The temple's name was also changed from Wat Kamloyu Yi to Wat Thipphayawariwihan in 1909 AD, owing to its sacred well. Since then, the temple has been commonly referred to as Wat Thipphayawariwihan, remaining a significant site within the Chinese Buddhist community to this day.