Showing 1 - 10 of 22
High hopes for virtual banks
Business, Somruedi Banchongduang, Published on 30/06/2025
» Financial literacy is crucial in enhancing consumer understanding ahead of the arrival of virtual banks, which aim to improve financial accessibility for underserved groups.
Thailand’s first three virtual banks approved
Wichit Chantanusornsiri, Published on 19/06/2025
» The Ministry of Finance has approved three successful applicants to establish the first virtual banks in the country, the Bank of Thailand announced on Thursday.
Virtual banks to be announced in June
Business, Somruedi Banchongduang, Published on 18/04/2025
» The Finance Ministry is scheduled to announce the list of approved virtual banks by June 19, with the Bank of Thailand confirming it will grant three banking licences in the initial stage.
Thailand Post trusts network in virtual banking proposal
Business, Somruedi Banchongduang, Published on 17/04/2025
» Thailand Post plans to leverage its strong network and the expertise of its delivery staff, who have access to underserved and unserved communities across the country, to support its consortium in securing a virtual bank licence.
Trends set to shape Thailand in 2025
Business, Post Reporters, Published on 01/01/2025
» Several significant trends are set to shape the nation's economic, technological and cultural landscape this year. These developments will unfold alongside significant challenges, including slow economic growth, rising household debt, political instability, climate change, environmental pressures, an ageing population leading to labour shortages, and cybersecurity threats.The emerging trends cover areas such as economic initiatives and policies, technological advancements, tourism and hospitality, as well as infrastructure and real estate.
Sector gets set for onset of virtual banks
Business, Published on 01/01/2025
» Thailand is on the verge of a major transformation of its banking sector thanks to the introduction of virtual banks.
Big outlay for virtual banks
Business, Nareerat Wiriyapong, Published on 17/10/2024
» The three consortiums awarded virtual bank licences are projected to spend up to 5.7 billion baht in just one year from mid-2025 to develop digital platforms and offer products similar to their mobile banking counterparts, says Maybank Securities (Thailand).
Lighthub, WeLab duo commit to investment
Business, Komsan Tortermvasana, Published on 04/10/2024
» The consortium of Lighthub Asset and WeLab is committed to investing US$500 million over five years, as required by the Bank of Thailand to receive a virtual banking licence.
Virtual banks face wait for profits
Business, Nareerat Wiriyapong, Published on 02/10/2024
» Winners of the Bank of Thailand's virtual bank licences are likely to struggle to turn a profit early on because the business usually burns cash during the first five years, says KGI Securities.
Asian rally continues in response to China stimulus
Business, Published on 28/09/2024
» RECAP: Stocks in Asia extended gains yesterday as risk appetite across financial markets got a further boost from a series of stimulus measures in China, where stock markets had their best week since 2008. A sharp fall in oil prices also bodes well for disinflation globally.