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US-based payments provider Nium has partnered with Indonesia-based payment infrastructure company Artajasa to augment cross-border transfers for Indonesians.
cross-border payments, real-time payments, payments infrastructure, expansion, fintech
Global payments platform Thunes has announced the expansion of its Acceptance payment network to Indonesia, Malaysia, Philippines, Singapore, and Thailand.
expansion, cross-border payments, cross-border ecommerce, digital payments, mobile payments, online payments, payments , B2B payments
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
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
partnership, credit scoring, lending
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
Banks in Thailand have revealed they are planning to offer biometric security for financial services including payments, loans, and e-KYC processes for new account opening.
Thailand, banks, security, bank services, palm biometrics, facial biometrics, national ID, gateway, vein recognition, payment terminals, facial biometrics, e-KYC, withdrawals
Singapore based trade finance solution provider Surecomp has upgraded allNETT, a finance system for The Bank of Ayudhya (Krungsri Group).
Surecomp, The Bank of Ayudhya, Krungsri Group, allNETT, partnership, Singapore, Thailand, Asia, APAC, trade finance, Trade Finance Network, digital transformation, funding, outstanding processing capabilities
Bank of Ayudhya, commonly referred to as Krungsri, has introduced biometric facial recognition technology for verifying the identities of people as they open a deposit account.
Bank of Ayudhya, Krungsri, facial recognition, eKYC, biometrics
Mitsubishi Corporation has teamed up with several Asian banks to test moving real funds over RippleNet.
Mitsubishi, cross-border payments, Ripple, RippleNet, Asia, Japan, Singapore, Thailand, MUFG Bank, Bank of Ayudhya
Banks from the Asia Pacific region are introducing innovations in customer service robot advisors, open banking API platforms and social gaming concepts to grow customer engagement, according to Efma.
Asia, Pacific, banks, innovation, Open Banking, API, platforms
Provider of payment management services CyberSource has teamed up with mobile messenger service app LINE Thailand to enable mobile payments for its users on LINE Pay.
LINE Thailand, Cybersource, mobile payments, Southeast Asia, Thailand, payments , app, messaging app
National ITMX, a Thailand-based payment system operator, and other banks in the banking network will test the communication network of the new ATM network on 14 November 2014, which will cut short cross-border and cross-bank transactions until 2 AM on 15 November.
Thailand, cross-border, cross-bank, interbank, ATM, network, centre, shift