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What investments is the banking sector making in digitalisation?

 

After 15 years of intensive government efforts to extend credit across the nation, micro-loans are becoming increasingly popular among private sector lenders in Thailand. An increasing number of bank and non-bank businesses are now also moving into nano-finance, which provides small-scale loans without any collateral requirements. Although...

 

How has the Thai banking sector been affected by the economic slowdown, and what do you expect will be its response in the short term?

 

Despite the preference of many Thai consumers for bricks-and-mortar banks and teller transactions, mobile penetration and digital uptake are rising sharply, and digital platforms are expected to become the norm in Thailand’s financial services industry. New digital banking tools, such as mobile wallets and online payment platforms, indicate a...

 

What strategy is the Thai banking sector adopting to keep the growing market of high-net-worth individuals banking domestically?

 

While Thailand has made remarkable progress in recent years in combating poverty, boosting access to education and health services for all and enhancing quality of life, progress has often been unbalanced. Some areas remain better off than others and income inequality remains a persistent problem. However, sustainable solutions in business –...

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