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Discover all the payments and fintech-related news and analysis about Thailand in The Paypers News, Reports, along with other Thailand-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Thailand in The Paypers News, Reports, along with other

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Deutsche Bank launches PromptPay instant payments in Thailand

News | Payments General | 17 Apr 2020

Deutsche Bank’s Bangkok branch has launched a new instant payments service PromptPay in Thailand, reports Electronic Payments International. 

Deutsche Bank, PromptPay, instant payments, Thailand, payments

KTC and JCB to issue the first JCB ULTIMATE credit card in Thailand

News | Cards | 11 Mar 2022

Thailand-based issuer Krungthai Card (KTC) and JCB International have announced the launch of issuing the KTC JCB Ultimate credit card in Thailand.

JCB, debit card, credit card, loyalty programme, online shopping

Krungthai Bank launches QR payment system

News | Mobile Payments | 21 Sep 2021

Thailand-based Krungthai Bank has opened new international money transfer and payment services using QR code between Thailand and Singapore.

mobile payments, QR payments, QR code

Azimo forms partnership with Siam Commercial Bank

News | Payments General | 02 Apr 2020

Azimo has formed a partnership with Thailand’s Siam Commercial Bank to make transfers faster and cheaper. 

Azimo, partnership, Siam Commercial Bank, cross-border payments, remmitance

American Express partners Bangkok Bank to expand its card acceptance in Thailand

News | Payments General | 06 Jul 2021

American Express has signed a partnership with Bangkok Bank to expand acceptance of its cards in Thailand.

American Express, banks, partnership, merchants, POS

HSBC integrates Omni Collect solution with eZPay

News | Online Payments | 25 Jan 2021

HSBC has announced the integration of its payments and collections solution, Omni Collect, into Zuellig Pharma Thailand's digital platform, eZPay.

HSBC, Thailand, Asia, Zuellig Pharma Thailand, ezPay, online payments, mobile payments, e-wallets, QR code

Line rolls out Line BK messenger-based banking platform in Thailand

News | Online & Mobile Banking | 20 Oct 2020

Line Corporation has announced the launch of the Line BK messenger-based banking platform in Thailand.

Line Corporation, Kasikorn Vision Company Limited, Thailand, banking, mobile banking, transfers, loans, payments , debit card, credit card, transactions

Thailand's central bank allows commercial banks to use facial recognition

News | Digital Identity, Security & Online Fraud | 07 Feb 2020

The Thai central bank has given the green light for six commercial banks to offer facial recognition using the e-KYC technology.

Bank of Thailand, commercial banks, facial recognition, central bank, Thailand, e-KYC, accounts, biometrics, verification, identity theft, fraud

Ecommerce emerges as preferred way of shopping in Thailand amid COVID-19 crisis

News | Ecommerce | 17 Aug 2020

GlobalData has revealed that the ecommerce market in Thailand will reach THB 1.1 trillion in 2020, as it became the preferred way of shopping for consumers.

GlobalData, analysis, ecommerce, Thailand, shopping, online payments, COVID-19, online shopping, retailers, Lazada, merchants, Thailandpostmart, D Central, Cloudmall

HSBC rolls out private banking in Thailand, Reuters

News | Payments General | 02 Feb 2021

HSBC has set up a new private banking business in Thailand, the Asia-focused lender’s second onshore expansion in Southeast Asia, according to Reuters.

HSBC, private banking, Thailand, Asia, lender, Southeast Asia, private bank, retail wealth

Venture arm of Thai bank announces latest DeFi spin off and investment

News | Cryptocurrencies | 15 Jul 2021

SCB 10X, the venture arm of Siam Commercial Bank, has announced its latest investment in the decentralised finance (DeFi) sector via asset aggregator and portfolio dashboard, Ape Board.

DeFi, smart contracts, Ethereum, investment, banks

Global Money Express joins RippleNet to further remittances to Thailand

News | Mobile Payments | 12 Aug 2021

Global Money Express (GME Remittance) has joined Ripple’s network of institutional payment providers to hasten payments between the country and Thailand.

remittance, Ripple, partnership, mobile money

Large Thailand-based bank to explore DeFi offering

News | Cryptocurrencies | 13 Apr 2021

Kasikorn (KBank), a Thailand-based large bank, has been reportedly furthering exploration of a project that seeks to bypass financial intermediaries using decentralised finance (DeFi), according to CoinDesk.

blockchain, DeFi, banks, financial inclusion

JCB, GB Prime Pay partner to expand online merchant network in Thailand

News | Online Payments | 27 Apr 2021

JCB International, the international operations subsidiary of JCB, has partnered GB Prime Pay (GBP) to offer JCB acceptance to GBP online merchants across Thailand.

JCB, partnership, merchants, online payments

Thai central bank investigates building central bank digital currency for payments

News | Cryptocurrencies | 19 Jun 2020

Thailand’s central bank has unveiled plans to build a prototype of a payment system for businesses using central bank digital currency (CBDC).

Thailand’s central bank, CBDC, Bitcoin, central bank, innovation, digitalisation, Asia

Thailand's Central Bank selects Giesecke+Devrient to design CBDC prototype

News | Cryptocurrencies | 02 Jun 2021

The Bank of Thailand (BoT) has selected Giesecke+Devrient (G+D), a Germany-based technology company, to develop a central bank digital currency (CBDC) prototype.

CBDC, banks, digitalisation, partnership

DeeMoney partners with Ripple for cross-border money transfer

News | Payments General | 19 Mar 2020

DeeMoney, a Thailand-based fintech company, has announced that its platform is now processing live transactions, in partnership with Ripple.

DeeMoney, Ripple, cross-border payments, money transfer, partnership, transactions , fintech, Thailand, payouts

SYNQA secures USD 80 mln in Series C

News | Cryptocurrencies | 23 Jun 2020

Thailand-based SYNQA, the parent company of OMG Network, has raised USD 80 million in a Series C funding round led by Siam Commercial Bank.

OMG Network, SYNQA, Thailand, Siam Commercial Bank, Japan, Toyota Financial Services, Sumitomo Mitsui Banking, SMBC Venture Capital, Aioi Nissay Dowa Insurance

AsiaPay offers digital payments and security to Krungsri

News | Online & Mobile Banking | 18 Jul 2022

Thailand-based AsiaPay has signed agreement to supply white-labelled licensed payment gateway and 3-D secure 2.0 solution for Krungsri (Bank of Ayudhya).

partnership, payment gateway, 3-D Secure, online payments

The Bank of Thailand to introduce stablecoin regulation

News | Cryptocurrencies | 22 Mar 2021

An assistant governor of Thailand has announced that The Bank of Thailand (BOT) will regulate foreign currency-backed stablecoins, asset-backed stablecoins, and algorithmic stablecoins that are not illegal. 

banks, stablecoin, regulation, Bitcoin, Ethereum