by Teuvo Tuomi | Nov 21, 2024 | ASEAN, Asia, Banking, Business, Digitalization, Economy, Technology
Capgemini projects instant payments accounting for 22% of noncash transactions by 2028, the Standard Charters research institute reports. The Asia Pacific region is leading this trend with a 20% year-on-year increase in noncash transactions, outpacing growth in Europe...
by Teuvo Tuomi | Sep 23, 2024 | Thailand, Banking, Business, Digitalization, News, Visions
Despite receiving several applications from interested operators, the Bank of Thailand wants to grant only three virtual bank licenses. The central bank will issue licenses it deems appropriate to maintain the stability of the domestic financial market and safeguard...
by Teuvo Tuomi | Aug 21, 2024 | News, Digitalization, Technology, Thailand
According to an insider, five companies and joint ventures have applied to establish a virtual bank in Thailand after the Bank of Thailand (BOT) opened applications in March. After applications close on 19 September, the BOT will select three qualified operators to...
by Teuvo Tuomi | Jun 17, 2023 | Business, Cambodia, News, Technology, Thailand, Travel
The Bank of Thailand and the National Bank of Cambodia have started facilitating convenient and secure payments between the two countries. Thai tourists can now make purchases from Cambodian merchants using cross-border QR through the mobile banking apps of Thai banks...
