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Business trends

Thai lenders accelerate online banking with revamped apps

Tougher operating environment prompts banks to draw users in with range of online services

A woman shows off features of Kasikorn Bank's revamped app at its launch event in October. (Photo by Masayuki Yuda)

BANGKOK -- Thai banks have strengthened their push for the use of online banking services over physical branches with a suite of revamped mobile banking applications.

State-owned Krung Thai Bank, one of the latecomers to the online banking market, has announced a new version of their app. The Krungthai NEXT app comes after the bank introduced the older version, Krungthai netbank, eight years ago.

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