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

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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

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