BANGKOK – Traditional banks in Thailand left freelance and platform workers behind. Now, digital wallets, alternative credit scoring, and a new wave of virtual banks are stepping in to close the financial inclusion gap. By the time the sun rises over Bangkok, Somchai has already completed three food deliveries. His smartphone, mounted to the handlebars […]

The post Fintech is Rewriting the Rules of Money for Thailand’s Gig Workers first appeared on Chiang Rai Times.

BANGKOK - The Bank of Thailand (BoT) announced that the Ministry of Finance had given the green light for three consortia to set up Thailand’s first virtual banks.

The post Thailand Approves Virtual Banks to Drive Financial Sector Forward first appeared on Chiang Rai Times.