Thailand central bank approves kingdom's first virtual banks

New financial institutions will operate online with no bricks and mortar

20250619 Bank of Thailand logo

Bank of Thailand has given the green light to virtual banks that are expected to go online within a year. © Reuters

BANGKOK (Reuters) -- Thailand has approved virtual banking licenses to three groups led by SCB X, Krung Thai Bank and ACM Holding, the central bank said on Thursday.

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