Seven key takeaways about the evolution of Thailand’s fintech landscape

Interest and involvement in fintech, or financial technology, often begins in emerging markets, where specific conditions make it particularly appealing.

In these regions, limited infrastructure, combined with rapid tech adoption, provides fertile ground for fintech innovation. Fintech solutions can address gaps in financial services and promote financial inclusion, creating opportunities to transform emerging markets into hubs for adoption and innovation.

According to the latest report by Wing Vasiksiri (WV) and Ravenry, titled “Revolutionizing Transactions: Exploring the Thai Fintech Landscape and the Evolution of its Payments Sector,” it argues that Thailand is home to a thriving fintech sector, propelled by the growth initiated by the Covid-19 pandemic.

The following are seven key takeaways from the report:

94% of Thailand has adopted cashless payments

Thailand’s cashless…