Thailand

Bank of Thailand Set to Kick off Retail CBDC Pilot by End of 2022

The Bank of Thailand (BOT) said on Friday that it will be conducting a retail Central Bank Digital Currency (CBDC) pilot at the end of 2022. According to the central bank, the BOT deems it necessary to extend the scope

Read More

NETS and Thailand’s National ITMX Expand Cross-Border QR Payment Ties

Network for Electronic Transfers (NETS), Singapore’s payment services group, and National ITMX, Thailand’s key inter-bank payment infrastructure and central data processing system, announced the expansion of their cross-border QR payment collaboration. This partnership will facilitate inbound and outbound cross-border payments

Read More

KASINKORNBANK Invests Bht 100 Billion to Drive Financial Inclusion in Thailand

KASINKORNBANK (KBank) announced a Bht 100 billion strategic programme aimed at boosting access to banking services among Thailand’s unbanked and underbanked population as well as Micro, Small and Medium Enterprises (MSMEs) and the self-employed. The programme includes accelerated investments in

Read More

The 6 Top Funded Fintechs in Thailand

Home to 268 fintech companies, Thailand is home to a fast growing fintech sector. In the first nine months of 2021, Thai fintech companies secured US$215.6 million in fintech funding, a significant improvement over 2020’s US$134 million take, according to

Read More

Thai Insurtech Sunday Appoints JP Morgan Exec Ryuji Wolf as New CFO

Thailand-based insurtech startup Sunday announced that it has appointed Ryuji Wolf as its Chief Financial Officer and a member of its executive leadership team. Ryuji joins from J.P. Morgan, where he served as Executive Director and led Consumer Internet &

Read More

KASIKORN’s Tech Arm Is Now a Member of the MIT Media Lab

KASIKORN Business-Technology Group (KBTG) announced that it has become a Consortium Research Lab Member at the MIT Media Lab to conduct frontier tech research for next-generation financial services. The MIT Media Lab is an academic research institute where US domestic

Read More

Siam Commercial Bank’s VC Arm Grabs 2nd Spot in Global Fintech Investor Ranking

SCB 10X, the venture arm of Siam Commercial Bank (SCB), was ranked second in Global Corporate Venture Capital (CVC) investing in fintech startups and eighth among global CVCs in a report published by CB Insights, a global analytics platform for

Read More

Thailand’s Financial Regulator Lays out Plans for Payments Using Digital Assets

Thailand’s central bank and financial regulator have shared their views and positions on regulating the new, digital-powered financial landscape, outlining plans to issue virtual banking guidelines, rules on the use of digital assets for payments, as well as relaxing regulation

Read More

Thailand Seeks to Join the Digital Bank Race in Southeast Asia

The Bank of Thailand (BOT) is looking to issue guidelines for virtual banks in the country in a bid to play catch-up with neighboring countries Malaysia and Singapore who have already set their plans in motion. In line with this,

Read More

Krungthai Bank Leverages Nium’s Payment Rails for Cross Border Payments

Global payments platform Nium and state-owned Krungthai Bank, has announced a strategic partnership to enhance global transfer offerings for both corporate and individual customers across Thailand. Through this partnership, Krungthai will leverage Nium’s vast payment rails to enhance the cross-border

Read More