Thailand
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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Indonesia and Thailand Launch Instant Cross-Border QR Payment Linkage
Bank Indonesia (BI) and the Bank of Thailand (BOT) launched a cross-border QR payment linkage between Indonesia and Thailand today. Under this linkage, consumers and merchants in both countries will be able to make and accept instant cross-border QR payments
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GME Remittance Joins RippleNet for Payments Push From South Korea to Thailand
Global Money Express (GME Remittance), a non-bank remittance service provider in South Korea, has joined Ripple‘s blockchain-based payments network, RippleNet to accelerate and scale payments from South Korea to Thailand. This partnership was established through SBI Ripple Asia, a joint
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Rapyd Powers PromptPay Acceptance on Google Play Thailand
Global Fintech-as-a-Service platform Rapyd enables PromptPay, Thailand’s national payment service with 55.1 million registered users with 20 million transactions a day, as a payment option on Google Play. Rapyd supports local payments for Google in the country through its collaboration with
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Siam Commercial Bank’s VC Arm to Invest In DeFi Asset Aggregator Ape Board
SCB 10X, the venture arm of Siam Commercial Bank, has announced its latest investment in the decentralised finance (DeFi) sector via asset aggregator and portfolio dashboard, Ape Board. The company, which now has more than 350,000 users, within 4 months
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Thai Regulator Cautions Public That Cryptocurrencies Are Not Legal Tender
Bank of Thailand (BOT) issued a statement saying that it has continuously monitored the developments in use cases of digital assets as some enterprises have recently begun soliciting payments in cryptocurrencies such as Bitcoin and Ether as payment for goods
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