Thailand’s Virtual Bank Competition Heats Up with Five Major Bidders
Lede: The competition for Thailand's virtual banking licences has intensified, with five major business groups confirming their interest ahead of the submission deadline. The Bank of Thailand and the...
New Measure to Protect Mobile Banking Users from Scams
In a bid to shield mobile banking users from the perils of scams facilitated by "ghost" SIM cards and "mule" bank accounts, the Ministry of Digital Economy and Society...
Thai State Banks Lower Lending Rates to Aid Borrowers
In response to the Thai Bankers Association's recent announcement regarding a reduction in the minimum retail rate (MRR) for creditworthy clients, six state banks have unveiled their plans to...
Credit Card Transactions Abroad in Baht to Incur 1% Fee Starting May 1st
Credit card holders from Visa and Mastercard will soon encounter a new fee structure when conducting transactions or ATM withdrawals overseas in Thailand. Effective May 1st, individuals using their...
Thai Banks Reaffirm Security Amidst App Scare
The Thai Bankers' Association has issued a reassuring statement regarding the security and stability of banking applications in Thailand. This announcement comes in response to recent concerns raised following...
Pheu Thai Party MP Clarifies Government’s Financial Initiatives
In a recent statement, a Member of Parliament (MP) hailing from the Pheu Thai Party has shed light on the distinction between the government's program to provide a 10,000-baht...
