Virtual banking outlay of $500m
From left: Mr Loong and Mr Hirankrit say the consortium offers the combination of a local ecosystem and international expertise.
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Virtual banking outlay of $500m
From left: Mr Loong and Mr Hirankrit say the consortium offers the combination of a local ecosystem and international expertise.
The consortium of Lighthub Asset and WeLab is committed to investing US$500 million over five years, as required by the Bank of Thailand to receive a virtual banking licence.
The alliance believes it is strategically well-positioned to secure a licence, claiming it can close the 1.4-trillion-baht gap in micro, small and medium-sized enterprise (MSME) financing, assisting this underserved segment along with…