FinanceIndonesia's Traveloka to expand fintech business into Thailand
Unicorn and Siam Commercial Bank unit strike deal for financial products
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.