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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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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

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

Deutsche Bank, Southeast Asia's 2C2P to launch payments platform in Thailand

News | Payments General | 22 Feb 2021

Deutsche Bank has joined forces with Southeast Asia’s 2C2P to launch a digital payments platform in Thailand.

Deutsche Bank, 2C2P, partnership, digital payments, corporates, online banking, mobile banking

Thailand's SEC to hold a public hearing on qualifications for new crypto investors

News | Cryptocurrencies | 18 Feb 2021

Thailand’s Securities and Exchange Commission (SEC) has announced plans to hold a public hearing to decide what qualifications should be imposed on retail investors opening new cryptocurrency trading accounts.

regulator, cryptocurrency, cryptocurrency investment, Bitcoin, financial risk, SEC

ACI Worldwide provides real-time payments solution in Thailand

News | Online Payments | 03 Feb 2021

ACI Worldwide has announced that Thailand-based National Interbank Transaction Management and Exchange (ITMX) has successfully implemented ACI’s real-time payments solution.

ACI Worldwide, real-time payments, Thailand, National Interbank Transaction Management and Exchange, National ITMX, ISO 20022, B2B payments, commercial banks, central bank of Thailand, account to account payments, ISO 8583

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

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

Rapyd launches its suit of payment capabilities in Thailand

News | Online & Mobile Banking | 02 Dec 2020

Singapore-based Rapyd, a Fintech-as-a-Service company, has announced the launch of its suite of payment capabilities in its seventh global market - Thailand.

Rapyd, FaaS, expansion, Thailand, payment services, global payments network, eWallets, cards

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

Tinkoff Business opens account for Thailand-based office of Aviasales

News | E-invoicing, SCF & E-procurement | 31 Aug 2020

Tinkoff Business has opened accounts for foreign companies operating in Russia and businesses launching branches abroad, the first customer being Aviasales

Tinkoff Business, Aviasales, Thailand, Russia, accounts, foreign companies, branches, travel search service, payroll, Tinkoff, cards, deposits, loans, Tinkoff Black cards, online financial ecosystem, financial services, lifestyle banking

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

Huawei Pay launches in Thailand in collaboration with UnionPay

News | Mobile Payments | 29 Jun 2020

Huawei Mobile Services has partnered with China-based financial services company UnionPay to launch its mobile payment service – Huawei Pay, in Thailand. 

Huawei, Huawei mobile services, Thailand, UnionPay, partnership, NFC payments, mobile payments, Asia, APAC, wallet app

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

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

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

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

Thailandese bank to use Ripple rails for new instant payments app

News | Payments General | 30 Mar 2020

Thailand’s Siam Commercial Bank (SCB) has been building a new app that uses Ripple’s payments technology to allow tourists to pay for goods and services without needing to convert currencies.

Thailand, Siam Commercial Bank, SCB, mobile app, Ripple, cross border payments, QR codes, payments

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

Thailand, Cambodia launch cross-border QR payments

News | Mobile Payments | 20 Feb 2020

BOT (Bank of Thailand) and NBC (National Bank of Cambodia) have jointly announced the launch of a QR code-based retail payments link between the two Southeast Asian countries, according to Regulation Asia.

Thailand, Cambodia, cross-border, QR payments, retail payment, Bank of Thailand, National Bank of Cambodia, financial inclusion

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