SCB X preps for virtual bank licence

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The story "SCB X preps for virtual bank licence" was covered 1 weeks ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post 1w ago

SCB X preps for virtual bank licence - Bangkok Post

Quick Summary:

SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank, is gearing up to apply for a virtual banking licence from the Bank of Thailand in September.

Purple Ventures and the Robinhood app were transferred to SCB X as part of the group's business transformation.

Charoen Pokphand (CP) Group's TrueMoney, a Southeast Asia e-payment and financial service provider, is collaborating with Ant Group and CP Group's retail channels such as 7-Eleven convenience stores, which could serve as touchpoints for their services.