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595

Thai banks set for facial and fingerprint biometric verification use in Q3

via Biometric Update

Customers of the Bank of Thailand will be able to use biometrics for identity verification when opening deposit accounts by the third quarter of this year to boost security, build consumer confidence, and improve access to financial services, according to the Bangkok Post.

The central bank is planning to gradually open up biometric technology to financial institutions for electronic know your customer (e-KYC) processes. Technology for facial and fingerprint recognition is being tested in a regulatory sandbox, with the tests scheduled for completion in Q3, according to Siritida Panomwan Na Ayudhya, assistant governor of the bank’s payment systems policy and financial group. (more…)

Banks, InspirAsia, Security, Thailand

June 3, 2019

911

InstaRem to deliver cross-border payments for Kasikornbank

via Finextra

InstaReM, a leading digital cross-border money transfer company with a global presence,has announced that it will now power cross-border payments for the clients of KASIKORNBANK(KBank), Thailand’s leading banking group, across select markets.

InstaReM already powers payments for three of the top ten Southeast Asian Banks and leading financial institutions across the globe. This partnership with KASIKORNBANK helps InstaReM further entrench itself as a leading player in the institutional payments space.

(more…)

Fintech news, InspirAsia, Remittances, Thailand

May 23, 2019

2278

Thailand’s Largest Bank to Launch New FinTech Platform

By CryptoCoins News

Thailand’s largest bank by revenue, Kasikornbank Pcl, has unveiled that it is planning to introduce a new FinTech platform by the end of the year as it attempts to prevent fee income from its rival banks. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, Thailand

February 14, 2017

1791

Samsung Pay launches in Thailand

By  for TechInAsia

Samsung Pay, the Korean mobile giant’s cashless payment service, has officially landed in Thailand, the company announced today. The service has been running in the country in an “early access” fashion for a limited number of users since October last year. (more…)

Fintech news, Mobile payments/banking, Thailand

February 8, 2017

1964

More than 100 migrant workers test blockchain remittance in Thailand

By Finextra

Money sent to Myanmar instantly with Everex’s Ethereum-based mobile payments app. (more…)

Blockchain, Fintech news, Remittances, Thailand

November 23, 2016

1831

Fintech startup MC Payment raises $3.5m to move into Thailand

By  for TechInAsia

“Move fast” is a tireless maxim in the startup world and fintech company MC Payment has taken it to heart. The startup just announced it has raised a strategic investment round worth US$3.5 million, just months after raising US$4.5 million in series B. (more…)

Deals, Fintech news, Payment processors/providers/gateways, Thailand

November 11, 2016

1863

First Cross-Border Rewards Platform UTU Launches, Aims to Reimagine the Loyalty Ecosystem

By LTP

UTU empowers shoppers to earn, redeem and convert rewards points through smartphones, in real time, at any UTU merchant outlet worldwide.

UTU drives users, payment card schemes and card issuers to increase tourist and local spending at acquirers’ merchants. (more…)

Fintech news, InspirAsia, Singapore, Thailand

November 6, 2016

1712

Jack Ma’s Ant Financial shows global ambitions once again with move into Thailand

By  for TechInAsia

Jack Ma’s Ant Financial, which runs China’s top mobile wallet app, today announced it has invested in a major fintech company in Thailand. It’s the first ever investment in Thailand by the Chinese firm, which is a spin-off from online shopping titan Alibaba. (more…)

China, Deals, Fintech news, p2p/online lending, Thailand

November 1, 2016

1952

Payments startup Coins.ph just raised $5m from some familiar names

By  for TechInAsia

Online payments startup Coins.ph has landed a series A funding round worth US$5 million, the company announced today. The round is led by Accion Frontier Inclusion Fund, a global emerging markets fintech fund focused on financial inclusion, which is managed by similarly-minded investment firm Quona Capital. (more…)

Blockchain, Deals, Mobile payments/banking, p2p-payments, Philippines, Remittances, Thailand

October 24, 2016

1704

RS2 Software and Alpha Payments Cloud team up in Thailand

By Finextra

Payments processor RS2 Software plc has announced a partnership with Alpha Payments Cloud, a global leader in providing access to payment, risk and commerce solutions to international banks and merchants. (more…)

Banks, POS/mPOS and online acquiring, Remittances, SME, Thailand

October 10, 2016