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Beyond first-mover advantage: A sustainable model for virtual banks in Thailand
TUESDAY, APRIL 01, 2025
Thailand’s digital banking landscape has undergone significant transformation over the past decades, driven by rapid technological advancements and regulatory efforts that have shaped consumer behavior toward a cashless, digital-first mindset.
Thai virtual bank licence deadline passes with 5 initial applicants
MONDAY, SEPTEMBER 23, 2024
The Bank of Thailand has closed applications for three virtual bank licences, with the final number of contenders remaining at five
Sea Group files application to set up virtual bank
FRIDAY, SEPTEMBER 20, 2024
Singapore’s tech giant, whose partners include Bangkok Bank and Sahapat, confident it can improve life for the unserved and underserved
Krungthai Bank applies to set up a virtual bank
WEDNESDAY, SEPTEMBER 18, 2024
State-owned bank partners with AIS and PTT OR in applying for a licence to provide services to underserved and unserved groups
Virtual banks: An earthquake in Thai banking landscape?
MONDAY, SEPTEMBER 16, 2024
Five consortiums are vying for three virtual bank licences this week as Thailand enters new era of digital disruption in financial services
Applications for virtual bank licences to close on Sept 19
MONDAY, SEPTEMBER 16, 2024
Four joint ventures, each with strong potential to serve the public, are competing to win a coveted licence
Five contestants vying for three virtual bank licences
WEDNESDAY, AUGUST 21, 2024
Applicants include SCB, BTS and a conglomerate headed by Gulf Energy, with the Bank of Thailand expected to announce the winners next year
Despite expected drop in margin, Fitch optimistic on Thai banks
WEDNESDAY, APRIL 03, 2024
Thai banks are expected to maintain the current upside momentum in performance despite pressure from asset quality risks, Fitch Ratings said during a briefing at The Athenee Hotel in Bangkok on Tuesday.
Thai mega-companies form alliances to grab three virtual bank licences
THURSDAY, MARCH 21, 2024
Major corporations in Thailand are competing for the three available virtual bank licences, with the Bank of Thailand (BOT) starting to accept applications on Wednesday (March 20).
Joint venture to apply for one of three Thai virtual bank licences
WEDNESDAY, MARCH 20, 2024
Energy conglomerate Gulf Energy Development Plc (Gulf) plans to embark on a virtual bank journey with partners, including telecom giant Advanced Info Service Plc (AIS) and Krungthai Bank Plc (KTB).
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