Try GOLD - Free
BoT picks first three virtual banks to modernise finance sector
Bangkok Post
|June 20, 2025
The Bank of Thailand (BoT) yesterday announced three successful applicants to establish the first batch of virtual banks in the country.
They are required to begin their business operations within one year from the date of the Finance Ministry's approval, which was yesterday.
According to the central bank's statement, the first winner is ACM Holding Co (TrueMoney), which is backed by the Charoen Pokphand Group. The second one is Krungthai Bank (KTB), collaborating with Advanced Info Service Plc and PTT Oil and Retail Business Plc (OR).
The third successful applicant is the SCB X consortium, comprising SCB X (the holding company of Siam Commercial Bank), KakaoBank (South Korea's largest digital bank), and WeBank (a global digital bank known for its advanced technology).
This story is from the June 20, 2025 edition of Bangkok Post.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Bangkok Post
Bangkok Post
THE MYSTIQUE OF TIME
Franck Muller releases the dazzling Round Triple Mystery collection
2 mins
December 12, 2025
Bangkok Post
US Fed signals rate-cut pause in 2026
Investors face data gaps, new leadership
3 mins
December 12, 2025
Bangkok Post
Mexican tariff hike 'likely to hit $1bn in India car exports'
Move seen as a blow to top manufacturers
3 mins
December 12, 2025
Bangkok Post
Activist sentenced to 46 years over Facebook posts
The Supreme Court has sentenced activist Mongkol “Busbas” Thirakhot to 46 years in prison for lèse-majesté over posts he made on social media.
1 min
December 12, 2025
Bangkok Post
Knight, hosts Blackhawks shut out NY Rangers
Connor Bedard registered a goal and an assist and Spencer Knight pitched his second shutout of the season for the hosts Chicago Blackhawks in a 3-0 win against the New York Rangers on Wednesday.
1 mins
December 12, 2025
Bangkok Post
A RISK-FREE ROMCOM
My Secret Santa is a Christmas gift that doesn't surprise
4 mins
December 12, 2025
Bangkok Post
Coventry: IOC decision on gender eligibility to come in 2026
The International Olympic Committee said on Wednesday it would announce eligibility criteria for transgender athletes early next year, after months of deliberation as it seeks to find a consensus on how to protect the female category.
2 mins
December 12, 2025
Bangkok Post
Casting open for On Earth We’re Briefly Gorgeous
Casting is now open for two leading roles in an upcoming feature film based on Ocean Vuong's On Earth We're Briefly Gorgeous until Dec 21.
1 mins
December 12, 2025
Bangkok Post
M23 advance a 'middle finger to US'
The advance of the Rwandan-backed M23 armed group in eastern DR Congo is a \"middle finger\" to the United States, just days after the signing of a peace agreement in Washington, Burundi's foreign minister told AFP, urging sanctions against Kigali.
1 mins
December 12, 2025
Bangkok Post
Ministry of Commerce unveils MOC Plus
The Ministry of Commerce has launched MOC Plus, a new initiative to enhance government services by leveraging artificial intelligence (AI) and cloud technologies.
1 mins
December 12, 2025
Listen
Translate
Change font size