Indonesia's Traveloka to expand fintech business into Thailand

Unicorn and Siam Commercial Bank unit strike deal for financial products

20210326 Sima C Banl and Traveloka

Indonesia's Traveloka and a subsidiary of Thailand's Siam Commercial Bank have announced an agreement to expand the Jakarta-based unicorn's fintech business into Thailand. (Source photos by Reuters)

SHOTARO TANI, Nikkei staff writer

JAKARTA -- Traveloka, Indonesia's answer to travel booking website Expedia and one of the country's unicorns -- startups valued at more than $1 billion -- has agreed to partner with a bank in Thailand to expand its fintech business in the region's second-biggest economy.

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