Tagged: thailand

Financial and Identity focused World Network Expands into Thailand, Indonesia, Malaysia, the Philippines

World, the human-centered financial and identity network, is reportedly a global network of 12,185,058 “real humans.” According to a blog post by World, more than 1500 Orbs “currently live in the field to verify unique humanness across 23 countries.” As with any network, its developers… Read More

Thailand Credit and Charge Card Payments Market to Surpass $65B This Year – Report

Thailand’s credit and charge card payments market is projected to reach THB2.3 trillion ($65.6 billion) in 2025, reflecting a growth of “7.1% compared to the previous year,” driven by the adoption of digital payment solutions and a shift in consumer behavior towards cashless transactions, according… Read More

Thailand picks Krungthai, SCBX and Ascend Money for Digital Banking

Thailand’s financial regulator has selected three consortia led by Krungthai Bank, SCB X, and Ascend Money to pioneer virtual banking services, aiming for a 2026 rollout, The Nation reported. The Bank of Thailand finalised its choice after five applicants vied for licences between March and… Read More

Malaysia, Thailand Forge Cyber Shield Against Rising Digital Threats

Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have solidified their commitment to regional financial security by entering into a memorandum of understanding (MoU) aimed at significantly enhancing cybersecurity measures and combating the escalating threat of digital fraud. The agreement, formally executed by… Read More

Thailand to Fast-Track Digital Asset and Cybercrime Laws Ahead of Songkran

Thailand’s Digital Economy and Society (DES) Ministry will present two draft laws — the Royal Decree on Digital Assets and the Royal Decree on Cybercrime Prevention and Suppression — for Cabinet approval on April 8, with expectations that the laws could come into force before… Read More

Thai SEC Sues Digital Asset Exchange OKX for Unlicensed Trading

Thailand’s Securities and Exchange Commission (SEC) has filed a criminal complaint against Aux Cayes FinTech Co. Ltd., operator of digital asset exchange platform OKX, and nine associated individuals for allegedly running an unlicensed digital asset exchange, the regulator announced. The complaint, lodged with Thailand’s Economic… Read More

IFC Backs SeaMoney’s Digital Lending in Thailand with $75m Investment

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to $75 million in a senior tranche of asset-backed securities (ABS) to support digital lending operations by SeaMoney (Capital) Co Ltd in Thailand. The senior tranche will… Read More

Financial and Identity focused World Network to Assist Thailand with Combatting AI-centric Threats Online

World, the human-centered financial and identity network, is now available in Thailand. Thais can get their World ID verified at a number of World Spaces throughout Bangkok, with more locations “slated to open throughout 2025.” With the second-highest GDP in Southeast Asia, Thailand is “one… Read More

Fintech Mambu Teams Up with Good Money by GSB, Launching Digital Lending Platform

Mambu has recently announced the “success” of its partnership with Money DD, which is a subsidiary of the Government Savings Bank (GSB) of Thailand. The partnership has supported the launch of the “Good Money” application, offering opportunities for “underserved” Thai citizens. The app has been… Read More

Switzerland’s SIX Stock Exchange Enhances Asian Market Data Access with ThaiQuest Partnership

Thai financial market solutions firm ThaiQuest has agreed a multi-year partnership with SIX, the financial data and market infrastructure provider, to access market data from SIX and enhance its financial information business. As explained in the announcement, ThaiQuest will gain access to the SIX financial… Read More

Thailand Eyes Top Spot as Global Digital Hub

Thailand has the potential to become a world-class digital hub, which could offer a lot of economic opportunities for the country, Digital Economy and Society Minister Prasert Jantararuangtong said. During Thailand Blockchain Week 2024 at Emsphere shopping mall in Bangkok, he noted that digital technology,… Read More

Fintechs Lighthub and WeLab Eye Virtual Banking License in Thailand

Lighthub Asset, a Thai Fintech firm, and WeLab, a pan-Asian fintech platform, have submitted a joint application for a virtual banking license with the Bank of Thailand (BoT). The result of the application is expected in the first half of 2025, according to a statement… Read More

Thai SEC Raids Bangkok Fintech Exhibition Over Illegal Investment Activities

Thailand’s Securities and Exchange Commission (SEC), in collaboration with the Economic Crime Suppression Division (ECD) of the Central Investigation Bureau (CIB), launched a joint operation to target unlicensed businesses soliciting investments at a Fintech exhibition in Bangkok on Saturday. The operation followed reports from the… Read More

SEC in Thailand Introduces Digital Asset Regulatory Sandbox to Suppot Development of Innovations

The Securities and Exchange Commission (SEC) in Thailand is introducing the Digital Asset Regulatory Sandbox to facilitate experiments and the development of innovations supporting the efficient provision of digital asset services in the real-life context. Interested parties are welcome to “participate in the Sandbox to… Read More

Thailand and Australia Forge Partnership to Boost Fintech Industry

Thailand and Australia have entered into a new phase of financial collaboration with the signing of a memorandum of understanding (MoU) on financial technology (fintech) cooperation. The agreement, aimed at bolstering the local fintech industries of both nations, was formalized this week between the Thai… Read More

T2P Partners with Wise for International Transfers in Thailand

Thailand-based payment solution company T2P Co Ltd announced a strategic partnership with Wise Platform, an infrastructure provider for banks, Fintechs, and enterprises. Announced Thursday, this alliance positions T2P as the first in Thailand to offer international money transfers without exchange rate markups or hidden fees… Read More

Former PM Supports New Digital Wallet Initiative to Boost Thailand’s Economy

Former Prime Minister Thaksin Shinawatra endorsed the new digital wallet initiative, suggesting it could be a significant boon for Thailand’s sluggish economy, according a report by The Nation. Speaking at the Kiattiocha Restaurant in Chiang Mai province, where he was joined by his sisters and… Read More

Gulf Energy Leads Bid for Thailand’s Virtual Bank License

Thailand energy conglomerate Gulf Energy Development Plc is teaming up with telecommunications powerhouse Advanced Info Service Plc (AIS) and the esteemed Krungthai Bank Plc (KTB) to enter the burgeoning field of virtual banking in the country. According to a report by The Nation, this collaboration… Read More

Thailand: Digital Asset Platform Binance TH Opens to Eligible Clients

Gulf Binance Co., Ltd., the joint venture between Binance’s subsidiary and Gulf Innova Co. Ltd., is launching full operations of its digital asset exchange and brokerage platform in Thailand, Binance TH by Gulf Binance, “making it accessible to the general public.” This launch follows the… Read More

Thailand’s Kasikornbank Enters Crypto Space with New Platform

Thailand’s Kasikornbank Pcl, the country’s second-largest bank, is developing a digital-asset ecosystem to provide innovative funding routes for companies, according to a Bloomberg report. This move includes the October acquisition of the licensed digital-asset exchange Satang Corp, marking a rare instance of a major lender… Read More

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