Showing 1 - 10 of 13
Virtual banks to bolster financial inclusion
Business, Somruedi Banchongduang, Published on 10/10/2025
» Virtual banks are 10 times more likely to reach untapped retail customers than traditional banks, improving the country's rate of financial inclusion, say new industry players.
Ascend Money bags $195m from MUFG unit
Business, Suchit Leesa-nguansuk, Published on 27/06/2024
» Ascend Money, a leading fintech firm under Charoen Pokphand Group, has secured investment from a subsidiary of Mitsubishi UFJ Financial Group Inc (MUFG) worth US$195 million to accelerate digital financial inclusion in Thailand, mainly in digital finance and lending to non-bank users.
TrueMoney inaugurates 'Pay Next - Credit on Hand'
Business, Suchit Leesa-nguansuk, Published on 28/09/2022
» TrueMoney, a major e-payment and financial service provider in Asean, is offering a buy now, pay later (BNPL) service through its Wallet app, enabling users to make purchases from a credit line without having to spend their personal cash.
TrueMoney, Merkle offer crypto investment
Business, Suchit Leesa-nguansuk, Published on 22/04/2022
» TrueMoney, a major digital financial service provider in Asean, has partnered with Merkle Capital, a local digital asset management firm, to enable users to invest in cryptocurrency through TrueMoney Wallet, the first time Thai consumers can make such an investment through an e-wallet.
Local unicorn trio prove naysayers wrong
Business, Nuntawun Polkuamdee, Published on 07/12/2021
» The Thai economy witnessed the birth of three unicorn companies this year -- Flash Express, Ascend Money and Bitkub Online -- debunking the belief that the country doesn't have the supporting ecosystem for unicorn startups to thrive.
CP's Ascend Money offers micro-credit
Business, Darana Chudasri, Published on 05/09/2020
» Ascend Money, the fintech arm of Ascend under CP Group, is jumping into micro-credit lending, offering loans of less than 10,000 baht to underserved customers who cannot access traditional loans, a market worth 5-10 billion baht.
TrueMoney handles $5bn in SE Asia
Business, Published on 11/07/2018
» Ascend Money, Southeast Asia's leading fintech firm, facilitated total payment volume of US$5 billion (166 billion baht) across Southeast Asia in 2017, delivering 400% growth compared with 2016.
KTB lays out cautious path for retail loans
Business, Published on 10/11/2015
» Krungthai Bank (KTB) is keeping its guard up in terms of retail lending by setting a growth target of only 4-5% next year.
KTB's retail bad loans inching up
Business, Somruedi Banchongduang, Published on 27/08/2015
» Retail non-performing loans (NPLs) of state-owned Krungthai Bank (KTB) are expected to creep up to 2.8% by year-end, with self-employed workers the main contributor.
KTB branches out to non-state clients
Business, Somruedi Banchongduang, Published on 12/01/2015
» State-owned Krungthai Bank (KTB) has stepped up efforts to attract more private-sector workers as clients in order to balance the retail lending portfolio and achieve double-digit retail loan growth.