Showing 1 - 10 of 11
SCB trims retail banking unit amid debt avalanche
Business, Somruedi Banchongduang, Published on 13/09/2025
» Siam Commercial Bank (SCB) is scaling back its retail banking business in response to the country's elevated household debt and the adoption of artificial intelligence (AI).
SCB eliminates SME digital banking fees
Business, Somruedi Banchongduang, Published on 20/09/2019
» Siam Commercial Bank (SCB) has taken the lead in waiving digital banking transaction fees for small and medium-sized enterprise (SME) customers to encourage them to migrate to the online platform.
Central bank pushes chip-based cash cards
Business, Somruedi Banchongduang, Published on 18/09/2019
» The Bank of Thailand has urged holders of 20 million magnetic-stripe ATM and debit cards to change to chip-based cards by year-end to avoid being unable to use the cards after Jan 16, 2020.
Magnetic card cancellation delay planned
Business, Somruedi Banchongduang, Published on 05/09/2019
» The Thai Bankers' Association (TBA) plans to seek the central bank's approval to put off the regulator's deadline to cancel the use of magnetic-stripe ATM and debit cards until early next year from the end of this year.
TMB revs up digital shift
Business, Somruedi Banchongduang, Published on 02/03/2019
» TMB Bank hopes to migrate 60-70% of its retail customers to the digital platform this year after expanding its mobile banking capacity to prepare for the transition.
BoT: Labour to curb GDP
Business, Somruedi Banchongduang, Published on 16/08/2018
» The Bank of Thailand forecasts that Thailand's ageing demography will dampen the country's annual GDP growth by 1.5 percentage points over the next 10 years. Thailand's labour growth rate averaged 5% over the past 10 years, but such growth is expected to decline to 3.5% a year in the next decade, said Don Nakornthab, senior director of the economic and policy department.
Officials reject KTB-TMB merger talk
Business, Somruedi Banchongduang, Published on 26/04/2018
» After a week of mounting speculation over a potential consolidation between Krungthai Bank (KTB) and TMB Bank, KTB's president and TMB's chairman both dispelled the rumours Wednesday, saying there is no merger discussion plan.
The dawn of digital banking
Spectrum, Somruedi Banchongduang, Published on 22/04/2018
» When out at any shopping mall, it's common for consumers to use anything from credit cards to e-wallets when making purchases nowadays. But when it comes to traditional markets, or talat nat, found faraway from these commercial venues, it's only been recently that one can catch sight of these types of transactions taking place.
KBank cuts non-interest income target
Business, Somruedi Banchongduang, Published on 05/04/2018
» Kasikornbank (KBank), which has the country's most popular mobile banking app, has slashed its non-interest income growth target this year to a contraction of 6-8% after the bank jumped on the fee-cut bandwagon for online transactions.
KTB slows branch closure pace
Business, Somruedi Banchongduang, Published on 24/01/2018
» Krungthai Bank (KTB) plans to shut fewer branches this year than the 92 it closed in 2017, while maintaining its employee count at 24,000, says its chief.