Thailand

Thailand Adds Cash Payments to $13 Billion Digital Wallet Plan
Thailand Adds Cash Payments to $13 Billion Digital Wallet Plan
September 03, 2024  |  Mobile Wallets

Thailand’s digital wallet stimulus plan has suddenly become less digital. As Reuters reported Tuesday (Sept. 3), Prime Minister Paetongtarn Shinawatra said the government’s planned 450...

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Thailand Seizes Assets Tied to Massive FBI Botnet Case
Thailand Seizes Assets Tied to Massive FBI Botnet Case
June 02, 2024  |  Cybersecurity

Thailand is reportedly investigating $27.2 million that an alleged hacker funneled into the country. Wang YunHe and other co-conspirators had purchased properties and shares of...

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Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
December 04, 2023  |  Cross Border Commerce

Hong Kong and Thailand are bridging the gap between their economies. The two countries launched a new cross-border QR code payment system, known as the...

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Binance Faces Challenges in SE Asia After $4 Billion US Fine
Binance Faces Challenges in SE Asia After $4 Billion US Fine
November 29, 2023  |  Cryptocurrency

Last week, Binance agreed to pay $4 billion to resolve a Department of Justice investigation. Although that case is in the rearview mirror, the world’s...

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Thailand Ranked First Globally in Real-Time Payments Transactions per Capita
Thailand Ranked First Globally in Real-Time Payments Transactions per Capita
September 01, 2023  |  Real-Time Payments

The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get...

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Thailand’s KBank Weighs $1 Billion Acquisition of Home Credit Vietnam
Thailand’s KBank Weighs $1 Billion Acquisition of Home Credit Vietnam
August 22, 2023  |  Acquisitions

Thai bank Kasikornbank is reportedly in talks to purchase consumer finance company Home Credit Vietnam. That’s according to a report by Reuters, citing two sources who say the...

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IFC and Thai Credit Partner to Help Small Businesses
IFC and Thai Credit Partner to Help Small Businesses
July 05, 2023  |  Partnerships

International Finance Corporation (IFC) and Thai Credit Retail Bank have partnered to help small businesses in Thailand. As a global development institution that is a member of...

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Thailand Begins Pilot Retail CBDC Project
Thailand Begins Pilot Retail CBDC Project
June 13, 2023  |  CBDC

Thailand’s central bank has launched a pilot retail central bank digital currency (CBDC) project. According to a Monday (June 12) Bangkok Post report, the Bank of...

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PYMNTS Intelligence: Payment Challenges and Opportunities in High-Growth Markets
PYMNTS Intelligence: Payment Challenges and Opportunities in High-Growth Markets
March 01, 2023  |  Cross Border Commerce

Southeast Asia has become a tempting area of expansion for international corporates due to its high level of digital payments penetration, with a recent study indicating that...

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