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26 Apr 2024

Financial Institutions

Virtual banks in Thailand will lead to new business models and financial products (Current Issue No.3488)

คะแนนเฉลี่ย

Virtual banks in Thailand will lead to new business models and financial products 
  • The introduction of virtual banks will reshape the competitive landscape in the Thai banking and financial sector, leading to the development of new and innovative financial products tailored to targeted customers.
  • Market competition may intensify; the customer segments to be targeted will depend on the conditions applied for financial inclusion. Meanwhile, traditional commercial banks can also introduce new products.
  • Virtual banks are expected to commence operations in Thailand by mid-2026.

Financial Institutions

Virtual Bank