Showing 1 - 10 of 16
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.
Trio of consortiums tipped as 'favourites' in hunt for licences
Business, Nuntawun Polkuamdee, Published on 24/09/2024
» The KTB-GULF-ADVANC-OR, SEA-BBL-VGI-Thailand Post and SCB-WeBank-KakaoBank consortiums are the applicants most likely to win one of the Bank of Thailand's virtual bank (VB) licences given their strengths in terms of capital, technology and a large customer base, says Yuanta Securities.
Virtual bank race: 5 in the running
Somruedi Banchongduang, Published on 23/09/2024
» The Bank of Thailand has received five applications for three virtual bank licences, with two of the bidders set to drop out of the race over the following year.
Thai virtual bank race heats up as bidders outnumber permits
Published on 23/09/2024
» Thailand’s virtual banking competition is heating up as applications exceeded the number of licences the central bank plans to grant.
Bank of Thailand sticks to 3 virtual bank licences
Business, Published on 21/09/2024
» The Bank of Thailand is maintaining its policy of initially granting only three virtual bank licences, despite receiving a large number of applications from interested operators.