Thailand

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

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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)

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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

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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

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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

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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

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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

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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

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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

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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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