Thailand's oldest bank hits back at Grab entering food delivery

Siam Commercial flips the script on ride-hailers with no-fee app

20200717N Siam Commercial Bank

Siam Commercial Bank aims to bring 50,000 restaurants on board to its app by the end of the year. (Photo courtesy of Siam Commercial Bank)

YOHEI MURAMATSU, Nikkei staff writer

BANGKOK -- Thailand's Siam Commercial Bank will challenge food-delivery heavyweights Grab and Gojek by launching its own service this month, hoping the quickest way to new financial customers is through their stomachs.

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