Thailand

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

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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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Krungsri Partners With Nium to Expand International Transfer Offerings

Krungsri (Bank of Ayudhya PCL), one of Thailand’s largest banks, partners with Nium to enhance their international transfer offerings for both corporate and individual Krungsri customers. Through this partnership, Krungsri and Nium will enhance the international transfer experience for millions

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Bitkub Minted as Thai’s First Crypto Unicorn With SCB’s US$535 Million Deal

SCBx Group, the holding company of Siam Commercial Bank (SCB), announced that it has acquired a 51% stake in Thailand’s digital asset exchange Bitkub for approximately 17.85 billion baht (US$535.9 million), in a push into the digital assets business. This

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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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Siam Commercial Bank’s Spin-off SCB Abacus Closes US$12 Million Series A

SCB Abacus, an alternative digital lending platform in Thailand, has raised US$12 million in an oversubscribed Series A funding round. The firm, a fintech spin-off from the Siam Commercial Bank, has a flagship digital lending application “MoneyThunder” offering micro loans

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Payments Firm Ascend Money Becomes Thailand’s First Fintech Unicorn

Ascend Money, has hit US$1.5 billion valuation following its latest US$150 million funding, making it Thailand’s first fintech unicorn. The funds will be used to grow the user base of its e-wallet application; TrueMoney Wallet and to expand digital financial

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2C2P Forges Partnerships in Vietnam and Cambodia in Expansion Push

2C2P a payments platform today announced new partnerships in Vietnam and Cambodia to expand its Thai cross-border remittance service, easy2send. In Vietnam 2C2P will team up with Sai Gon Joint Stock Commercial Bank (SCB), one of Vietnam’s top five joint

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Robo Advisor StashAway Makes Its Thailand Debut

Southeast Asian digital wealth manager StashAway is now available to Thailand residents and is regulated by the Securities and Exchange Commission (SEC). According to central bank data, people in Thailand are increasingly investing in overseas assets. However, investors in Thailand

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Digital Assets Platform Zipmex Raises US$41 Million Led by Bank of Ayudha’s VC Arm

Zipmex, a Singaporean digital assets platform, has raised US$41 million in its Series B funding round where Bank of Ayudhya’s venture capital arm Krungsri Finnovate was a lead investor. The fundraise was also joined by Plan B Media Public Company

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