Thailand

5 Fastest Growing Fintechs in Thailand According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

Read More

Thai Fintech DeeMoney Partners with Ripple for Cross Border Money Transfers

DeeMoney, a fintech company based in Thailand specializing in digital cross-border money transfers, today announced its platform is now processing live transactions, in partnership with Ripple. DeeMoney is the first non-bank institution in Thailand to use RippleNet. As recent as

Read More

Thailand and Cambodia’s Payments QR are Now Interoperable

Regulators from Thailand and Cambodia announced earlier the launch of an interoperable payment QR code between the two countries. Cambodian tourists visiting Thailand will now be able to use the mobile payment app to scan QR codes in Thailand, whereas

Read More

Siam Commercial Adopts Facial Recognition to Allow Account Opening at 7-Eleven

Thailand’s Siam Commercial Bank (SCB) has further enhanced its partnership with 7-Eleven to drive agent banking services. In this new enhanced partnership, new SCB customers will be able to open a non-passbook savings bank account at 7-Eleven’s Counter Service using

Read More

Lightnet Raises $31.2 Million in New “Series A” Financing from Prominent Investors

Lightnet, the Bangkok-based fintech company has received A round funding of US$31.2 million in fresh capital. With this round completed, Lightnet is Asia’s first blockchain company to receive financial backing from six large conglomerates, providing access to millions of Asian

Read More

Thai’s Oldest Banks Teams up With Ripple For Remittance

Thailand’s oldest bank has partnered with Ripple to create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments. Eight of the top ten countries using mobile payments can be found in Asia. According to a recent

Read More

UOB’s Thai Digital Bank TMRW to Enable Biometrics for Account Opening

TMRW by UOB, a mobile-only bank in Thailand, today announced that it has enabled fingerprint and facial biometrics to make it speedier and safer for customers to open their TMRW accounts. In doing so, TMRW claims that it is the

Read More

SCB Launches Robo Advisor in Thailand, Targets 100,000 New Customers by 2020

SCB Securities (SCBS) announced this week that they have jointly launched a robo-advisor on its Easy Invest app. Jointly developed with SCB 10X, the service features automatic mutual fund portfolio design and management using AI. Requiring only a 3,000-baht initial

Read More

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

Read More

Standard Chartered Completes Blockchain Trial with Thailand’s Oil Giant Using Voltron

The use of blockchain for trade finance is often one of the most cited potential use case for technology, with some sources claiming that using blockchain to remove the bottlenecks  could potentially increase global trade volumes by US$1.1 trillion by

Read More