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Authorities from Thailand have decided to accept applications for virtual banks in a bid to support people with limited access to financial services.
online banking, digital banking, financial inclusion, financial services
South Korean-based internet-only bank KakaoBank has signed a memorandum of understanding with SCBX to obtain a virtual banking license from Thailand’s central bank.
partnership, mobile banking, online banking, digital banking, banking
The Bank of Thailand has revealed its plans to launch a retail CBDC pilot in a regulatory sandbox in collaboration with three payment providers.
CBDC, cryptocurrency, partnership, regulatory sandbox
Bank of Thailand has disclosed plans to allow the nation’s virtual banks to offer services in 2025 amid a push to boost competition and widen loan access.
banks, central bank, financial services, regulation, ATM
The State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) have launched joint QR payment services, a cross-border payments alternative between the countries.
partnership, QR code, QR payments, cross-border payments, cross-border ecommerce, cross-border logistics, payments , payment processing, real-time payments
The Bank of Thailand (BOT) has announced its plans to extend the retail CBDC development stage with a pilot phase divided into two tracks.
central bank, CBDC, digital currency, banks