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Search Result for “mobile banking users”

Showing 51 - 60 of 721

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BUSINESS

Krungsri upbeat on digital baht

Business, Somruedi Banchongduang, Published on 12/06/2023

» The Bank of Thailand is working with three payment service providers to launch its retail central bank digital currency (CBDC), a novel financial infrastructure it claims will improve the convenience and efficiency of financial transactions with lower costs.

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BUSINESS

Indonesia has strode ahead in digital banking: how can Thailand do the same?

Published on 19/05/2023

» Digital banking is at a crossroads in Thailand. A small but not insignificant part of Thailand’s population is underserved by banks—as of 2021, research shows that banking penetration stands at 85 percent. Digital adoption in Thailand is high, with smartphones seeing 106 percent penetration and digital banking being used by 90 percent of customers who have bank accounts. But digital banking offerings are limited, with either digital banking extensions of large existing banks or digital players specialising in only certain aspects of banking such as lending or payments, leaving ample room for the growth of full-fledged digital banks.

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BUSINESS

Banks consider new fees to reflect expenses

Business, Somruedi Banchongduang, Published on 12/05/2023

» The Thai Bankers' Association (TBA) is mulling a new fee structure for the industry, with higher service costs for banks possibly passed on to customers.

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BUSINESS

Biometric tech gains traction

Business, Sirinnaree Ongsakul, Published on 09/05/2023

» Biometric technology has been widely used by banks and financial service providers. Aiming for faster processing and greater security against fraud, biometric solutions offer identity authentication via various means such as facial recognition, fingerprint recognition and iris recognition.

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BUSINESS

TCRB sees commercial upgrade taking one year

Business, Somruedi Banchongduang, Published on 03/05/2023

» Thai Credit Retail Bank (TCRB) expects to take about one year to upgrade to become a commercial bank and plans to launch an initial public offering (IPO) by the end of this year.

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BUSINESS

Banks tell users: Put on your best face

Business, Published on 26/04/2023

» Banks have notified customers to be ready to authenticate their identities by scanning their faces on their mobile devices when conducting three types of mobile financial transactions, as part of the Bank of Thailand's strategy to prevent financial fraud.

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BUSINESS

Banks hesitate in rush to cashless era

Business, Somruedi Banchongduang, Published on 12/04/2023

» The banking industry's push to discourage the use of cash led some to believe it was a good idea to charge fees for cash transactions and suspend cardless money withdrawals at ATMs.

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BUSINESS

KTB targets virtual banking, wealth tech

Business, Somruedi Banchongduang, Published on 05/04/2023

» Krungthai Bank (KTB) is gearing up for S-curve growth in the virtual banking and wealth tech sectors over the next five years.

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BUSINESS

Illuminating the digital landscape

Published on 31/03/2023

» In 2022, there were 255 billion new app downloads worldwide with $67 billion spent at the app store. On average, users spent five hours daily on their mobile phones – over a third of their waking hours. The mobile advertising spend was some $336 billion.

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TECH

Ericsson predicts 5G reaching 50% of subscriptions by 2025

Business, Suchit Leesa-nguansuk, Published on 21/03/2023

» Fifth Generation (5G) subscriber numbers in Thailand are projected to reach 50% of total mobile subscriptions by 2025 thanks to monetisation models and more affordable smartphones, says Swedish networking and tech firm Ericsson.