Partners set to make a joint investment
State-owned Krungthai Bank (KTB) has partnered with leading telecom operator Advanced Info Service (AIS) on a plan to jointly invest in a virtual bank, aiming to serve both existing and new customers, says KTB president Payong Srivanich.
He said the bank and AIS signed a memorandum of understanding on the collaboration. Mr Payong expects the Bank of Thailand to announce virtual bank regulations soon.
He said the partnership reflects the planned business expansion of both KTB and AIS.
A virtual bank has no physical branches, with only a headquarters, offering regular…
