Tagged: thailand

Coldwell Banker Partners with Coinweb on Tokenized Real Estate

Coldwell Banker, a global real estate firm, has partnered with Coinweb to tokenize real estate, first in Thailand. Coldwell Banker represents a network of property firms across 3,000 offices in 49 countries and territories. The collaboration is said to expect Coinweb to develop and support… Read More

Funding Societies, an Asian Online Capital Formation Platform, Shares Key Updates from Past Year

Just a year ago, countries all across the globe were rushing to pull down the shutters on their airports and economies took a massive hit, however, today “paints a different picture,” according to an update from Funding Societies. The team at Funding Societies writes in… Read More

Digital Payments Fintech Remitly Explains How to Send Money to Thailand

Remitly, a payments company that leverages digital channels, including mobile phones, to send money internationally, has explained how you can send funds securely to Thailand. Remitly writes in a blog post that if you’re looking for a safe way to send funds to Thailand, then… Read More

Insurtech: MooMoo Acquisition Has Fatberry Excited for Thai Expansion

Fatberry, a Malaysian Insurtech platform, this week announced its acquisition of MooMoo, an insurance broker for an undisclosed amount. The move, which allows Fatberry to expand into Thailand, was facilitated through ASEAN Fintech Group, Fatberry’s majority investor. MooMoo is a seven-year-old company that began by… Read More

Super-app Grab Sees Service Disruption Weeks Ahead of Expected $40B SPAC Completion

Southeast Asian “super-app” Grab is working to restore service today, the company said. Customers across Singapore, Thailand, Malaysia, and Indonesia have reported trouble using the super-app, with some voicing their frustrations on social media. “We experienced a service disruption this morning that impacted a number… Read More

Insurtech Igloo and HD AnnouncePpartnership to Launch Insurance Products on HDmall

Insurtech Igloo has partnered with HD to provide health-related micro-insurance products via the HDmall healthcare marketplace platform in Thailand. Muang Thai Insurance (MTI), a non-life insurance company, will be underwriting the health insurance products such as cancer and mobile syndrome insurance, and more, according to… Read More

Thailand’s Krungsri Partners with Nium to Streamline Global Fund Transfers for Corporate, Individual Clients

Krungsri (Bank of Ayudhya (PCL), one of Thailand’s biggest banks, has teamed up with global payments platform Nium in order to streamline their international transfer offerings for corporate and individual Krungsri clients. The partnership comes as research reveals that 82% of consumers in Thailand have… Read More

Thailand’s Siam Commercial Bank Acquires Majority Stake in Crypto Exchange Bitkub for $537M

Thailand’s Siam Commercial Bank (BKK: SCB) revealed that it has acquired a 51% controlling interest in crypto exchange Bitkub for $537 million. As mentioned in the announcement, the acquisition has been finalized with assistance from SCBX. The details were confirmed in October 2021 and Bitkub… Read More

Thailand’s Payments Platform, Omise, Launches Operations in Malaysia as Part of Southeast Asian Business Expansion Efforts

Omise, a Thailand-headquartered payments platform for businesses operating in Southeast Asia and Japan, revealed earlier this week that it has introduced its services in Malaysia as part of the firm’s expansion efforts across the region. Founded in 2013, Omise is a payments platform which offers… Read More

Muang Thai Life, ZA Tech Form Tech Partnership to Embed Insurance in Consumers’ Lives

Muang Thai Life Assurance Pcl., one of the largest life and health insurance firms in Thailand, has entered a partnership with ZA Tech Global Limited, the technology venture established by ZA International and backed by Softbank’s Vision Fund 1. The partnership marks both parties’ commitment… Read More

Ascend Money Secures $150M at $1.5B Valuation, Making it Thailand’s First Fintech Unicorn

Ascend Money has reached a $1.5 billion valuation after finalizing a $150 million round, making it the very first Fintech Unicorn in Thailand. The proceeds will be channeled towards growing the firm’s client base (which includes its digital wallet app, TrueMoney Wallet) and to further… Read More

Digital Wealth Management Platform StashAway Expands Business Operations into Thailand

StashAway, a digital wealth management platform, has officially launched in Thailand, which marks a completely new overseas market for the Singapore-headquartered Fintech firm. StashAway, which mainly offers Robo-advisory services, has already established operations in Dubai, Hong Kong, and Malaysia. The StashAway platform, currently accessible to… Read More

CBDCs: Bank of Thailand Introduces Plans to Test a Retail Central Bank Digital Currency in Q2 2022

The Bank of Thailand (BOT) has introduced its plans (after an extensive study) to start testing a retail central bank digital currency (CBDC) during Q2 2022. The BOT had carried out a research study on the implications and feasibility of issuing a retail CBDC, as… Read More

Venture Unit of Thailand’s SCB Announces New DeFi Investment through Aggregator, Portfolio Dashboard, Ape Board

SCB 10X, the venture division of Thailand’s Siam Commercial Bank or SCB (BKK: SCB), has confirmed its most-recent investment into the decentralized finance (DeFi) space through asset aggregator and portfolio dashboard provider, Ape Board. The firm, which currently has over 350,000 users, acquired within 4… Read More

BigPay Is Focused on Expanding Operations into Thailand, Following AirAsia’s Acquisition of Gojek’s Thai Division

BigPay is focused on expanding its business operations into Thailand after Airasia’s acquisition of Gojek’s Thailand division via its digital unit in a deal valued at RM208 million (appr. $50 million). This move has been announced ahead of AirAsia‘s plans to offer a Super app… Read More

Southeast Asian Workforce Management Platform Workmate Secures Debt Financing of up to $10 Million from Lendable

Workmate, a Southeast Asian Workforce Management Platform and marketplace for informal workers, has reportedly acquired a senior secured loan of “up to $10 million” from Lendable Inc., a provider of debt to Fintechs in emerging and frontier markets. As mentioned in the announcement: “A committed… Read More

Real-time Payments Becoming Widely Adopted across Southeast Asia, with Consumers Preferring Digital Transactions: Survey

Real-time payments are becoming increasingly common as cash as a payment solution or method for consumers in Southeast Asia, according to research from ACI Worldwide (NASDAQ: ACIW) and YouGov. Three out of five or around 60% of consumers residing in Indonesia, Malaysia, Thailand and Singapore… Read More

Thai Securities and Exchange Commission Files Criminal Complaint Against Binance

The Securities and Exchange Commission of Thailand is the next jurisdiction to target the world’s largest cryptocurrency exchange. According to a posting by the securities regulator, the Thai SEC has filed a criminal complaint against Binance for operating a digital asset business without a license…. Read More

Cross-Border Payments: Thailand’s Siam Commercial Bank and Thunes to Streamline Remittances

Siam Commercial Bank (BKK: SCB), which is Thailand’s first and oldest banking institution, and Thunes, an established international payments firm, revealed on Tuesday (June 29, 2021) that they have teamed up to allow individual customers and businesses overseas to send money to Thailand. The cross-border… Read More

Cross-Border QR Payments Linkage Established by Bank Negara Malaysia and Bank of Thailand

Bank Negara Malaysia (BNM) and the Bank of Thailand (BoT) recently revealed that they’ve introduced a cross-border QR payment linkage between the two countries. Under this linkage, both consumers and merchants residing in Malaysia and Thailand can make and receive instant, cross-border QR code payments…. Read More

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