Thailand

Blockchain Firm Lightnet Group Partners SCB to Ease Remittance Access in Thailand

Blockchain firm Lightnet Group, has announced a partnership with Siam Commercial Bank (SCB). The partnership will reportedly enable remittance services to become accessible to all Thai bank accounts and anyone who has signed up for PromptPay, a government-sponsored service that

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Fintech Thailand Startup Map 2020 Showcases Growing Industry

Over the past years, the Thai fintech ecosystem has grown steadily, now boasting some 96 startups, according to Fintech News’ latest Fintech Thailand Startup Map draft. The map showcases the domestic fintech startup ecosystem which includes startups operating in payments

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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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IBM and Thai Blockchain Community Revamps Electronic Letter of Guarantee Platform

IBM and the Thailand Blockchain Community Initiative (BCI) jointly announced that its electronic letter of guarantee (eLG) platform and network is now extending the scope and reach of its services and network to businesses of all sizes. The extended capabilities

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Thailand’s Central Bank Issues Government Bonds on Blockchain

The Bank of Thailand (BOT) launched a new platform to issue government savings bond using blockchain technology with its DLT Scripless Bond Project. It is said that fifty billion Baht (approximately US$1.6 billion) of government savings bonds have been sold

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Standard Chartered Thailand: First Blockchain Based Cross-Bank Letter of Credit

Thailand’s Standard Chartered completed its first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain between Vietnam and Thailand. The transaction was done in partnership with Asian Development Bank (ADB) and the Bank for Investment and

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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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Thailand Stock Exchange Partners With M-DAQ for Real-Time Stock Prices in 10 Currencies

The Stock Exchange of Thailand (SET) has partnered with M-DAQ, Singapore-based fintech startup, to collaborate and develop a solution that allows investors to view the real-time prices of SET50 stocks in 10 different currencies using interbank foreign exchange rate. With

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Huawei Launches Huawei Pay Mobile Payment in Thailand

Huawei Mobile Services (HMS) collaborates with UnionPay to launch the Huawei Pay in Thailand. Huawei Pay is a mobile payment tool that provides contactless, cashless payment service for HUAWEI device users. In Thailand, Industrial and Commercial Bank of China (Thai)

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