Thailand's central bank receives 5 virtual banking license applications, exceeding the planned 3.

Thailand's central bank has received five applications for virtual banking licenses, surpassing the planned three. The applicants include notable groups like SCB X and Gulf Energy Development, many partnering with established financial firms. The central bank will evaluate their qualifications, with announcements expected by mid-2025. Successful applicants must launch operations within a year, aiming to enhance financial access for underserved populations.

September 23, 2024
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