Tag: Thailand
Omise to raise funding using digital coins
Thai payments startup Omise plans to raise up to $16m by allowing investors to use cryptocurrencies. Read more: www.techinasia.com
Century-old bank plans digital revamp to fight FinTech
Siam Commercial Bank Pcl, Thailand's oldest homegrown lender, plans to reinvent its mobile digital payment platform. Read more: www.bloomberg.com
Thailand Stock Exchange to launch blockchain marketplace
SET is launching a blockchain-based marketplace for trading in startups later this year. Read more: www.cryptocoinsnews.com
MoneyTable picks up $1.5m and aims for 1m users this year
Thai employee financial well-being startup MoneyTable has closed $1.5m in a seed round from K2 Venture Capital and Kejora Ventures. Read more: www.fintechroundup.com
Thai digital-payment system may save banks $2bn
Thailand is due to roll out a national digital-payment system that levies much smaller transaction fees than the nation’s banks. Read more: www.bloomberg.com
Jay Mart taps FinTech to thrive in digital financial services
Bangkok Stock Exchange listed mobile distributor company Jay Mart is targeting on fintech companies and startups to embark on a transformation of its business. Read more: www.econotimes.com
Blockchain tech ignores USD, allows transfers in Baht-Yuan
The system created by Kasikornbank will allow for direct settlement of transfers between baht and yuan or Thailand and China without any need for the currencies to be converted to USD at any point. Read more: www.cryptocoinsnews.com
MC Payment raises $3.5m to move into Thailand
“Move fast” is a tireless maxim in the startup world and fintech company MC Payment has taken it to heart. Read more: www.techinasia.com
First cross-border rewards platform UTU launches
UTU, a cross-border loyalty and rewards platform that enables people to earn and redeem points through their smartphone, launches. Read more: www.prnewswire.com
Thai Kasikornbank, IBM join forces on blockchain network
Thailand's Kasikornbank Pcl has joined with the Thai unit of International Business Machines Corp to develop blockchain services. Read more: www.reuters.com