Thailand
SCB sells food delivery platform Robinhood for over $61.3m
The buyers, led by Yip In Tsoi Group, will make an initial payment of $12.27m.
Thai banks to reduce credit costs towards Q4: analyst
Earnings rise of 2% on average expected for Q3.
Thailand received 5 applications for virtual bank licenses
It expects to announce the list of successful applicants by mid-2025.
Thai banks join forces with billionaires, fintechs for virtual bank bid
Shopee's parent company, and banks SCB X and Bangkok Bank are amongst the aspirants.
Thai banks’ weak loan problem starts to bite: analyst
Provisions for expected credit losses now average 30%.
Siam Commercial Bank provides Android devices to Thai merchants for contactless payments
SoftPOS will give SCB 500 Android devices.
Siam Commercial Bank unveils special fixed deposit account
It offers between 1.6% to 2.2% interest per annum.
Krungthai Bank temporarily closes 4 branches due to floods
One branch is separately closed due to suspended electrical supply.
Thailand’s card payments value to reach $94.5b in 2028
The growth rate will ramp up from the 6.2% rise in 2023.
Siam Commercial Bank announces disruptions to SCB EASY app
It will be unavailable from 1AM to 5:30 AM on September 21-22.
Siam Commercial Bank unveils tap-to-pay service
It is available via the Mae Manee app.
Thaioil takes up sustainable deposits, linked swaps with SCB
Funds from deposits will support projects that reduce environmental impact.
Thailand’s loan growth slows to 0.3% in Q2 as SME loans contract
The central bank said there is a need to continue to monitor SMEs’ debt serviceability.
Bangkok Bank approves 2 baht dividend for H1
The dividend will be paid on 20 September.
Krungthai Card to miss loan growth target for 2024
It should be able to maintain its NPL ratio below 2% for the whole year.
Siam Commercial Bank rolls out online international trade service
Transactions can be made without the need to submit original documents.
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Technology to underpin future of financial services
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Banking Technology
Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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