Thailand
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
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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
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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
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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
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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
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Thailand Has The Potential To Become A Key ASEAN Fintech Hub, Says EY
Boasting a large population of unbanked, high mobile and Internet penetration, and robust macroeconomic growth, Thailand has what it takes to become Southeast Asia’s next fintech powerhouse, according a new report by EY. A further testament supporting that notion is
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Huobi Group Greenlit by Thai Regulators to Operate Crypto Exchange
Cryptocurrency exchange Huobi Group announced that they have secured the necessary regulatory approval to operate in Thailand. The group expects that their platform will go live latest by September 2019. “Huobi is one of the largest exchanges in the world
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Millions of Durians Will Be Tracked on the Blockchain for Thailand’s Largest Durian Exporter
DiMuto has closed a deal with Queen, Thailand’s largest durian exporter and producer to track durians on the blockchain. DiMuto will tag, track and trace around four million fresh durians from Thailand to China, Japan and other parts of Asia.
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InstaReM to Power Cross-Border Payments of Major Thai Bank
InstaReM, a digital cross–border money transfer company, has announced that it will now power cross–border payments for the clients of KASIKORNBANK (KBank), one of Thailand’s leading banking group. Announcing InstaReM’s partnership with KBank, Prajit Nanu, co–founder and CEO of InstaReM
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R3 and Wipro to Power Thailand’s Digital Currency, Project Inthathon
In what seems to be a streak of nations embracing central bank backed digital currencies (CDBC) and Wholesale CDBCs, Wipro announced today that in partnership with R3 they have developed a blockchain-based solution prototype for a consortium consisting of the
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