KakaoBank teams up with SCBX to launch virtual bank in Thailand
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KakaoBank has entered into a joint venture agreement with SCB X Public Company Limited (SCBX), one of Thailand’s leading financial holding groups, to establish a virtual bank in the Southeast Asian country, the Korean lender said Thursday. The agreement was signed in Bangkok on Wednesday by SCBX CEO Arthid Nanthawithaya and KakaoBank CEO Yun Ho-young, paving the way for the launch of a joint venture that will provide digital-only banking services in Thailand. The virtual bank model, introduced by the Bank of Thailand, allows banks to operate entirely through digital platforms without physical branches, similar to Korea’s internet-only banking system. While Thailand has seen rapid digital adoption, with smartphone penetration exceeding 90 percent and real-time payment services widely used, large segments of the population remain underbanked, underscoring unmet demand for accessible financial services. Against this backdrop, the virtual bank to be launched by KakaoBank and SCBX is designed to deliver innovative, mobile-first financial solutions. Korea’s largest internet-only bank willWeiter zum vollständigen Artikel bei Korea Times
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Quelle: Korea Times