The Bank of Thailand is working with three payment service providers to launch its retail central bank digital currency (CBDC), a novel financial infrastructure it claims will improve the convenience and efficiency of financial transactions with lower costs. The central bank is collaborating with Bank of Ayudhya (Krungsri), Siam Commercial Bank (SCB), and 2C2P (Thailand) Co […]
Read MoreTHAILAND’S central bank wants to continue normalising interest rates to build policy space, while a recent election and efforts to form a new government should have no bearing on monetary policy, a deputy governor said on Thursday (Jun 8). There is no need to wait and see what policies are formulated by the parties that […]
Read MoreTHAI consumer confidence rose in May for a 12th month to a 39-month high, boosted by higher foreign tourist arrivals and increased activity during the recent national election, a survey showed on Thursday (Jun 8). The consumer index of the University of the Thai Chamber of Commerce rose 55.7 in May from 55.0 in April, […]
Read MoreThe private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more. Kriengkrai Thiennukul, chairman of the Federation of Thai Industries, said the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is monitoring politics and awaiting a […]
Read MoreTwo Japan-based data centre providers have invested UScopy64 million (5.5 billion baht) in Thailand to build and expand data centres, cashing in on the trend of digital transformation and the exponential growth of cloud computing. Telehouse recently opened its first data centre in Thailand with an investment of $74 million, while NTT invested 3 billion baht […]
Read MoreAs the number of merchants where KHQR can be scanned in Thailand has soared to 7.6 million; in Cambodia the ThaiQR can now be scanned at 1.5 million merchants, a release by National Bank of Cambodia (NBC) said. The numbers were revealed during the launch of the second phase of the cross-border QR payment system […]
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