Thailand to Issue 3 Digital Banking Licenses Next Year – All You Need to Know
The Bank of Thailand is currently in the process of preparing to issue 3 Digital Banking Licenses Next Year
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The Bank of Thailand is currently in the process of preparing to issue 3 Digital Banking Licenses Next Year
By 2024, the Bank of Thailand will issue three different licenses for interested companies, with "at least 10 parties interested in granting permissions," Assistant Governor Tharith Panpiemras said.
Merger details unveiled in the final lap of the planned amalgamation of True Corporation and Total Access Communication (DTAC) suggest DTAC's parent, the Norwegian firm Telenor, may want to serve as a passive or strategic investor rather than run the day-to-day operations of the new firm -- a sign of a soft exit from the Thai market.
The Bank of Thailand plans to grant up to three virtual banking licences in the first stage of its digital plans, and will allow both financial institutions and non-financial firms to apply.
The DTAC brand will soon be a thing of the past after two of the largest telecoms merge. The boards of Total Access Communication, aka DTAC, and True Corp. agreed that their merged entity will be called True Corp. Public Co. Limited, or simply “True Corp.” The companies informed the…