The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo

Thailand has no limit on number of virtual bank licenses: deputy finance minister

google-preferred-sourceAdd BT as a preferred source
Published Mon, Sep 30, 2024 · 12:27 PM
    • Any group that qualifies would be granted a license, deputy finance minister Paopoom Rojanasakul said, urging the Bank of Thailand to make its assessment ahead of the six-month time-frame.
    • Any group that qualifies would be granted a license, deputy finance minister Paopoom Rojanasakul said, urging the Bank of Thailand to make its assessment ahead of the six-month time-frame. PHOTO: REUTERS

    THAILAND is not limiting the number of virtual bank permits that will be issued, a deputy finance minister said on Monday.

    Any group that qualifies would be granted a license, minister Paopoom Rojanasakul said, urging the central bank to make its assessment ahead of the six-month time-frame. There were five applicants for the licenses last week, with approvals to be announced in the middle of next year. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    virtual bankBank of ThailandThailand

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    The message was sent with addresses under the carbon copy feature instead of blind carbon copy, meaning that all recipients could see all the other e-mail addresses in the chain. 

    LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More