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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 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
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
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