Thailand
Thailand’s KBank Buys 97% Stake in Crypto Exchange Satang, Renames It Orbix
Thailand’s KASIKORNBANK (KBank) has acquired a 97% stake in the parent firm of crypto exchange Satang for 3.705 billion Thai baht (US$102.8 million). The bank intends to rename the crypto exchange to Orbix Trade Company, according to a filing to the Stock
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Backbase’s ENGAGE Asia 2023 to Kick off in Bangkok This November
Banking leaders find themselves at that pivotal time of the year when they must strategise their transformation goals for the upcoming year. In Asia, digital banking has become ingrained in consumers’ lifestyles, evolving into a core expectation and a decisive
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Top 5 Thai Fintechs We Think Will Make Waves in 2024
Thailand is home to a vibrant and rapidly evolving fintech sector, an industry that’s grown throughout the years on the back of supportive government initiatives, a growing middle class and increased digital penetration, as well as a burgeoning ecosystem of
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Igloo Names John Chen as Country Manager for Thailand
Regional insurtech Igloo has named John Chen as its Country Manager for Thailand with the aim to strengthen its presence in that market. Chen will be responsible for strengthening Igloo’s presence in Thailand by growing the business, establishing strategic partnerships,
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New Startup Map Showcases Thailand’s Growing Fintech Startup Ecosystem
Despite being somewhat of a laggard compared with the likes of Indonesia and Singapore, Thailand’s fintech industry is developing well and featuring today some 107 startups, a new startup map released by the Fintech News Network shows. The Fintech Thailand
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SCB and Thai Central Bank Pilots Retail CBDC App
Siam Commercial Bank (SCB) and the Bank of Thailand (BOT) have developed an app as part of a retail Central Bank Digital Currency (CBDC) pilot project. The pilot programme is limited to a select group of whitelisted participants who will
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Thai Insurtech Roojai Acquires FWD General Insurance From bolttech
Thailand insurtech startup Roojai has agreed to acquire FWD General Insurance’s local business from bolttech to boost its market share in the country. Details of the transaction was not disclosed. Through this acquisition, Roojai will have a combined portfolio of
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GHL Enables Alipay+ for Over 2,600 Thai Businesses
GHL Systems (GHL), a payment service company in ASEAN region, has enabled Alipay+ for over 2,600 businesses in Thailand to accept cross-border digital payments from leading Asian mobile wallets. This includes AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch
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SCBX, KakaoBank Gears up to Apply for Virtual Bank License From Bank of Thailand
SCBX, the financial technology business group of Siam Commercial Bank, announced its readiness to apply for a license to establish a virtual bank with South Korean digital bank KakaoBank. This partnership involves the formation of a consortium, in with SCBX
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Four E-Wallets Supported by Ant Group’s Alipay+ Now Accepted in Thailand
Chinese fintech giant Ant Group announced that the four mobile wallets supported by its payment system Alipay+ are now accepted in Thailand. These include Hong Kong’s AlipayHK, South Korea’s Kakao Pay, Malaysia’s Touch ‘n Go eWallet, and Mainland China’s Alipay
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