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SCBX and WeBank have agreed to collaborate on exploring deployment of innovative technology in Thailand, supporting the Consortiums pursuit of the virtual bank license. Fostering synergies through innovation technology, the Consortium hopes to
The Bank of Thailand is currently in the process of preparing to issue 3 Digital Banking Licenses Next Year
The Central Bank of Thailand has recently shared plans to allow virtual banks to operate in the country by 2025.
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.
The traditional commercial banks and virtual banks in Thailand will operate with the same regulations and supervision.