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Thai central bank expects virtual banks to start operations in 2025

Published January 12, 2023 Updated January 12, 2023 09:48am
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By Reuters
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BANGKOK: Thailand’s central bank expects virtual banks to begin operating in the second quarter of 2025, it said in a statement on Thursday.

The Bank of Thailand said it plans to propose giving licences to three operators for virtual banks, but may open this up for additional applicants, Bank of Thailand senior director Wipawin Promboon told a news conference.

Thai exports seen growing about 2% in 2023

Wipawin did not name any banks. Virtual banks must have registered capital of at least 5 billion baht ($150.15 million), Wipawin said and that foreign operators must have a Thai partner.

Thailand's central bank

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