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GENERAL

Thailand's digital wallet handout misses signup goal by 9m

Wichit Chantanusornsiri, Published on 16/09/2024

» Online registrations for the government's digital wallet handout scheme, which has now closed, has seen only 36 million people sign up, falling short of the target of 45 million.

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GENERAL

Government Savings Bank president maintains focus on social impact

Business, Wichit Chantanusornsiri, Published on 09/08/2024

» Vitai Ratanakorn, now in his second term as president of Government Savings Bank (GSB), has reiterated the bank's commitment to operating as a social bank, increasing access to the financial system for all people rather than focusing on maximising profits.

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GENERAL

Cabinet greenlights launch of retirement lottery project

Business, Wichit Chantanusornsiri, Published on 17/07/2024

» The cabinet has approved a savings innovation for low-income individuals, known as the retirement lottery, which offers attractive prizes.

GENERAL

GSB upgrades mobile security to deter hackers

Business, Wichit Chantanusornsiri, Published on 08/07/2024

» Government Savings Bank (GSB) is addressing hacking by enhancing mobile banking security to protect accounts.

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GENERAL

Digital wallet registration prepared

Business, Wichit Chantanusornsiri, Published on 06/07/2024

» The government is scheduled to announce the registration process for granting rights to people for the digital wallet project by the end of this month.

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GENERAL

DUP/Digital wallet uses app verification

Business, Wichit Chantanusornsiri, Published on 05/07/2024

» Thais will be required to verify and authenticate their identity, known as know-your-customer (KYC) procedures, for the digital wallet project through the state-developed "Tang Rat" super app.

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GENERAL

Identity verification crucial for digital wallet

Wichit Chantanusornsiri, Published on 04/07/2024

» Thais will be required to verify and authenticate their identity, known as know-your-customer (KYC) procedures, for the digital wallet project through the state-developed Tang Rat super app.

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GENERAL

IBank posts huge profit gain for 2023

Business, Wichit Chantanusornsiri, Published on 11/06/2024

» The Islamic Bank of Thailand (IBank) reported a 1,553% increase in net profit last year compared with 2022.

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GENERAL

Handout funding to diminish spending on other projects

Business, Wichit Chantanusornsiri, Published on 27/04/2024

» Once the government allocates substantial funds for its flagship digital wallet handout, spending on other projects will be reduced, says finance permanent secretary Lavaron Sangsnit.

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GENERAL

Retail investors snap up government savings bonds

Business, Wichit Chantanusornsiri, Published on 22/03/2024

» Government savings bonds drew overwhelming interest from retail investors this month as interest rates are expected to decline.