The Bank of Thailand closed the application deadline for virtual bank licences on Thursday, with five major business groups confirming their interest.
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The Bank of Thailand closed the application deadline for virtual bank licences on Thursday, with five major business groups confirming their interest.
The Bank of Thailand is maintaining its policy of initially granting only three virtual bank licences, despite receiving a large number of applications from interested operators.
The central bank is initially issuing three virtual bank licences, which it deems appropriate to maintain the stability of the domestic financial market and safeguard depositors from risks associated with new business ventures, said Chayawadee Chai-anant, the regulator’s assistant governor for…