Thailand

Lu International, KASIKORNBANK Launched Online Wealth Management Platform FinVest

Lu International, a subsidiary of Chinese personal financial services platform Lufax Holding, and KASIKORNBANK have launched FinVest, an online wealth management platform. They had announced their partnership back in August, teasing the release of the platform. The new digital investment

Read More

LINE Launches “Social Banking” Platform with Thailand’s KASIKORNBANK

Social media platform and messaging app LINE has launched LINE BK which is powered by KASIKORNBANK, for the first “social banking” platform in Thailand. LINE’s push into financial services in Thailand is far from its first, in Taiwan, LINE was

Read More

IBM and Thai Blockchain Community Revamps Electronic Letter of Guarantee Platform

IBM and the Thailand Blockchain Community Initiative (BCI) jointly announced that its electronic letter of guarantee (eLG) platform and network is now extending the scope and reach of its services and network to businesses of all sizes. The extended capabilities

Read More

Thailand’s Central Bank Issues Government Bonds on Blockchain

The Bank of Thailand (BOT) launched a new platform to issue government savings bond using blockchain technology with its DLT Scripless Bond Project. It is said that fifty billion Baht (approximately US$1.6 billion) of government savings bonds have been sold

Read More

Standard Chartered Thailand: First Blockchain Based Cross-Bank Letter of Credit

Thailand’s Standard Chartered completed its first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain between Vietnam and Thailand. The transaction was done in partnership with Asian Development Bank (ADB) and the Bank for Investment and

Read More

Thailand’s KASIKORNBANK and Lu International Develop Online Wealth Management Platform

KASIKORNBANK and Lu International (Singapore), a subsidiary of China’s retail fintech enterprise Lufax Holding, have recently announced a partnership to establish an online wealth management platform for retail investors in Thailand. The platform named LU Global said it offers customers

Read More

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

Read More

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)

Read More

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

Read More

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

Read More