Thailand
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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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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