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Krungthai Bank applies for virtual banking licence

News | Online & Mobile Banking | 19 Sep 2024

Krungthai Bank, in partnership with Advanced Info Service (AIS) and PTT Oil and Retail Business (OR), has submitted an application to the Bank of Thailand for a virtual banking licence.

banks, banking license, partnership, risk management, regulation

Five business groups to apply for the Bank of Thailand's virtual bank licences

News | Online & Mobile Banking | 22 Aug 2024

Five business groups have expressed interest in the process of applying for the Bank of Thailand's virtual bank licences, including both Thai and regional operators.

banking, digital banking, mobile banking, online banking, financial services, financial institutions

Bank of Thailand to launch QR code cross-border payments to India

News | Online & Mobile Banking | 03 May 2024

The Bank of Thailand has announced its initiative to launch secure and fast QR code cross-border payments between Thailand and India by Q3 2024. 

product launch, expansion, payments , cross-border payments, cross-border ecommerce, online payments, mobile payments, digital payments, ecommerce

Thailand to consider applications for virtual banks

News | Online & Mobile Banking | 05 Mar 2024

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

KakaoBank partners with SCBX for virtual banking license

News | Online & Mobile Banking | 19 Jun 2023

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 launches a retail CBDC pilot

News | Cryptocurrencies | 14 Jun 2023

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 to allow virtual banks

News | Online & Mobile Banking | 16 Jan 2023

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

Thailand, Vietnam launch joint QR payment services

News | Payments General | 23 Nov 2022

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