Thailand
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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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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