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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More