Thailand

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

Read More

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

Read More

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

Read More

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

Read More

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)

Read More

Omise’s Parent Firm SYNQA Raises US$ 80M in Funding Round Led by Siam Commerical Bank’s VC Arm

Thailand-based fintech company SYNQA, formerly Omise Holdings, announced that it has raised $80 Million in Series C funding led by SCB 10X Co., Ltd. (SCB 10X) and SPARX Group Co., Ltd. (through its Mirai Creation Fund II). The round was joined by Toyota Financial

Read More

Thailand’s Central Bank Announces Digital Currency Prototype

​The Bank of Thailand (BOT) has announced the project to develop the prototype of the payment system for businesses using Central Bank Digital Currency (CBDC), which will build upon knowledge from Project Inthanon.  The project scope will include conducting a

Read More

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