Money changers explore related services
Diversification eyed amid restrictions
Money changer companies are exploring new foreign exchange-related businesses to seek new income sources after their businesses have been drastically affected by the pandemic.
SuperRich Currency Exchange (1965), a leading local money changer, has submitted an application for a money transfer and e-money licence with the Bank of Thailand and is awaiting regulatory approval.
The company is also in talks with the Securities and Exchange Commission (SEC) about the possibility of operating foreign exchange services for digital asset exchanges in Thailand, said Piya Tantivachayanon, SuperRich’s…