Tag "Kasikornbank"

KASIKORNBANK in Talks to Buy Home Credit Vietnam for US$1B

Thailand’s KASIKORNBANK (KBank) is reportedly mulling the acquisition of consumer finance provider Home Credit Vietnam for up to US$1 billion, according to a Reuters report citing two sources. The bank has spoken with financial advisors, however, a final decision has

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KASIKORNBANK Onboarded Two Million Users to Its App Last Year

KASIKORNBANK (KBank) onboarded two million new users on its K PLUS online banking app in 2022, more than a million of them were new to the bank itself. The surging use of its digital platforms with 98% of all KBank’s

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KASIKORNBANK Doubling Down on Vietnam Expansion Efforts

KASIKORNBANK (KBank) is doubling down on the expansion of its operations in Vietnam, setting its sights to achieve US$400 million in net income and a customer base of 8.4 million in Vietnam by 2027. The bank had already established a

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Buy Now Pay Later (BNPL) Gaining Momentum in Thailand

Buy now pay later (BNPL) has been picking up steam among curious consumers in Thailand. This type of financing has grown in popularity because it is seen as a more flexible and consumer-friendly alternative to traditional credit products. It is

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KASIKORNBANK Sets up Its First Vietnamese Branch in Ho Chi Minh City

Thailand’s KASIKORNBANK (KBank) announced that it has opened a branch in Ho Chi Minh City with the aim of linking the trade and investment network within the ASEAN region. This will be KBank’s first branch in Vietnam, and its tenth

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KASIKORNBANK’s Tech Arm Launches DeFi Incubator, NFT Marketplace

KASIKORN Business-Technology Group (KBTG), KASIKORNBANK’s technology arm, has launched a venture builder and incubator for decentralised finance (DeFi) startups dubbed as KASIKORN X (KX). KX’s business operations will be independent of KASIKORNBANK and KBTG. The entity has previously spun off

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Lu International, KASIKORNBANK Launched Online Wealth Management Platform FinVest

Lu International, a subsidiary of Chinese personal financial services platform Lufax Holding, and KASIKORNBANK have launched FinVest, an online wealth management platform. They had announced their partnership back in August, teasing the release of the platform. The new digital investment

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LINE Launches “Social Banking” Platform with Thailand’s KASIKORNBANK

Social media platform and messaging app LINE has launched LINE BK which is powered by KASIKORNBANK, for the first “social banking” platform in Thailand. LINE’s push into financial services in Thailand is far from its first, in Taiwan, LINE was

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Thailand’s KASIKORNBANK and Lu International Develop Online Wealth Management Platform

KASIKORNBANK and Lu International (Singapore), a subsidiary of China’s retail fintech enterprise Lufax Holding, have recently announced a partnership to establish an online wealth management platform for retail investors in Thailand. The platform named LU Global said it offers customers

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YouTrip, Singapore’s Multi-Currency Travel Wallet, Launches in Thailand

YouTrip, Singapore’s multi-currency travel wallet, has officially launched for consumers in Thailand. YouTrip’s launch into Thailand was made possible through a partnership with one of Thailand’s leading banks, Kasikornbank (Kbank). According to their press release, Kbank’s 11.6 million online customers

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