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

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

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