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Thai virtual bank licence deadline passes with 5 initial applicants

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

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).

Thai central bank to issue 3 virtual bank licences next year: governor

THURSDAY, JULY 20, 2023

The Bank of Thailand is on track to licence three virtual banks next year, its governor, Sethaput Suthiwartnarueput, said on Thursday.

SCBX partners with Korean lender in latest move for digital bank licence

FRIDAY, JUNE 16, 2023

SCBX, the financial technology business group of Siam Commercial Bank, announced an official partnership with South Korea’s largest digital bank, KakaoBank, on Friday as part of its effort to apply for a licence from the Bank of Thailand to establish a virtual bank.

Thailand’s deposit protection system will apply to virtual banks, agency says

THURSDAY, JANUARY 19, 2023

Thailand's Deposit Protection Agency (DPA) is fully prepared to support virtual banking with advanced systems and processes that will protect all Thai depositors, it announced on Thursday.

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