Showing 1 - 10 of 10
Virtual banks to shake up Thai finance next year
Business, Somruedi Banchongduang, Published on 24/12/2025
» By mid-2026, Thais are expected to be able to access virtual banks, offering expanded options for people underserved by formal financial services.
Virtual banks to bolster financial inclusion
Business, Somruedi Banchongduang, Published on 10/10/2025
» Virtual banks are 10 times more likely to reach untapped retail customers than traditional banks, improving the country's rate of financial inclusion, say new industry players.
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.
TrueMoney upbeat on virtual bank potential
Somruedi Banchongduang, Published on 04/10/2024
» TrueMoney, a Southeast Asian e-payment and financial services provider, believes in the potential of offering virtual banking services.
Ascend Money bags $195m from MUFG unit
Business, Suchit Leesa-nguansuk, Published on 27/06/2024
» Ascend Money, a leading fintech firm under Charoen Pokphand Group, has secured investment from a subsidiary of Mitsubishi UFJ Financial Group Inc (MUFG) worth US$195 million to accelerate digital financial inclusion in Thailand, mainly in digital finance and lending to non-bank users.
TrueMoney inaugurates 'Pay Next - Credit on Hand'
Business, Suchit Leesa-nguansuk, Published on 28/09/2022
» TrueMoney, a major e-payment and financial service provider in Asean, is offering a buy now, pay later (BNPL) service through its Wallet app, enabling users to make purchases from a credit line without having to spend their personal cash.
TrueMoney, Merkle offer crypto investment
Business, Suchit Leesa-nguansuk, Published on 22/04/2022
» TrueMoney, a major digital financial service provider in Asean, has partnered with Merkle Capital, a local digital asset management firm, to enable users to invest in cryptocurrency through TrueMoney Wallet, the first time Thai consumers can make such an investment through an e-wallet.
Local unicorn trio prove naysayers wrong
Business, Nuntawun Polkuamdee, Published on 07/12/2021
» The Thai economy witnessed the birth of three unicorn companies this year -- Flash Express, Ascend Money and Bitkub Online -- debunking the belief that the country doesn't have the supporting ecosystem for unicorn startups to thrive.
CP's Ascend Money offers micro-credit
Business, Darana Chudasri, Published on 05/09/2020
» Ascend Money, the fintech arm of Ascend under CP Group, is jumping into micro-credit lending, offering loans of less than 10,000 baht to underserved customers who cannot access traditional loans, a market worth 5-10 billion baht.
TrueMoney handles $5bn in SE Asia
Business, Published on 11/07/2018
» Ascend Money, Southeast Asia's leading fintech firm, facilitated total payment volume of US$5 billion (166 billion baht) across Southeast Asia in 2017, delivering 400% growth compared with 2016.