Local banks present financial services at a Money Expo. KITJA APICHONROJAREK
Local banks are focusing on nudging their customers to digital platforms to grow services there, instead of applying for the central bank’s upcoming virtual bank licence.
According to the Bank of Thailand’s guidelines for the new business licence, virtual banks can raise deposits from customers.
Virtual banks will be required to have the same high level of responsibility in taking care of depositors as is currently provided by commercial banks, said Kasikornbank (KBank) chief executive Kattiya Indaravijaya.
Ms Kattiya said KBank will wait for official regulations on virtual banks to be issued by the central bank before considering whether to apply for…
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