Thailand Post offers virtual service

State enterprise to propose neutral bank agent plan to licence winners

- KOMSAN TORTERMVASANA

The Digital Economy and Society (DES) Ministry plans to support state-run logistics provider Thailand Post as it offers a neutral banking agent service to prospective virtual bank operators.

Thailand Post's core strength is its nationwide network of carriers that can provide first-mile services, said DES permanent secretary Wisit Wisitsora-at.

He said Thailand Post specialises in door-to-door delivery and has many years of experience, with a combined workforce of more than 25,000 carriers who know every metre of the country and are familiar with local communities.

Although virtual bank operators will provide the majority of services via their virtual banking systems, Thailand Post can facilitate operations through the provision of contact points, serving virtual banks' operations through its offices and network, according to the logistics provider.