Banking and financial services

Some 60% of banks in Asia-Pacific do not have full digital account-opening services for new customers, despite recent reports that nine in 10 financial institutions in the region say they are ready to embark on a “digital transformation”, according to a survey by the credit ...

Blockchain Community Initiative Co. issued the world’s first electronic letters of guarantee in the third quarter last year and plans to increase the number of electronic letters of guarantee by 50% in three years. Blockchain Community Initiative Thailand provides electronic letters of guarantee for 22 ...

Thai workers have shouldered ever-higher household debt in the past 10 years as their incomes have not been adequate to meet their expenses, according to a survey.Thai workers’ household debt averaged Bt91,064 per household in 2010 and jumped 6 per cent per year to Bt158,856 ...

Governments across Southeast Asia are pushing ahead with efforts to create cashless economies, with less developed countries such as Vietnam and Thailand leapfrogging richer ones like Singapore and Malaysia in electronic payments.Keep reading ...

Credit inquiries at the National Credit Bureau (NCB) are expected to hit another record high this year amid mounting anxiety over swelling household debt. The number of credit inquiries for existing borrowers is estimated to reach 60 million this year after 12.6 million were made ...

The National Credit Bureau (NCB) has voiced concerns about the asset quality of loans extended by savings cooperatives, particularly for lengthy loans, and about the high debt-service ratio (DSR) of borrowers.Keep reading ...

Digital transactions in Thailand are rising significantly, data from the Bank of Thailand shows. With the expanding reach of online services, many consumers have also turned to entertainment platforms, including best non GamStop casinos, to process payments conveniently and securely. Mobile and internet payments were ...

The state planning unit is keeping a close watch on rising household debt after debt defaults on personal loans increased at a faster rate. The National Economic and Social Development Council (NESDC) reported on Fridaythat household debt in the third quarter of 2018 was equal ...

From applications in mobile phones, to home automation, to cashless society and beyond, digital is now the new norm in our everyday lives. It is changing what we do and how we get things done in countless ways.We now see robots working alongside people to ...

Thailand’s Economic Research Center at the Government Savings Bank has revealed that low-income earners are tending towards frugal behavior, as overall spending dropped compared to last year.The survey sampled 2,150 people nationwide with incomes under 15,000 baht per month. Overall, spending among this demographic during ...