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The Bank of Thailand does not expect virtual banks to disrupt the incumbent banks.

NEWS ANALYSIS

Fresh off licence win, CP Group’s TrueMoney one to watch in Thailand’s virtual banking shake-up

The country’s new virtual bank licensees are set to face challenges as they prepare to disrupt a saturated market

Thailand's move to issue three digital banking licences is set to inject long-awaited competition into the banking landscape.

Thailand’s virtual bank race heats up – but real disruption may take time

Country’s central bank is also working on legislation to be passed later this year that will introduce ‘open data’ to the financial system

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.

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

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

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