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Thailand leads mobile banking penetration

That is well ahead of the global rate of 41% and higher than China, at 61%

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Among Thailand’s internet users, 74% access banking services via mobile devices, according to the annual Global Digital Report 2019 from social media management platform Hootsuite and digital marketing agency We Are Social.

That puts one of Asia’s favorite vacation spots well ahead of the global rate of 41% and higher than China, at 61%.

The trend matches the Thai government’s plan to help the predominantly cash-driven economy go cashless.

The government expects multiple benefits from a digital payments economy. Transaction records would allow small and medium-size enterprises to apply for loans.

They would also make bribery more difficult and put hurdles in front of human and narcotics traffickers.

Source : https://asia.nikkei.com/Business/Business-Trends/Southeast-Asia-eclipses-China-as-world-s-mobile-economy-hot-spot

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Banking

The Importance of E-Wallets for Online Gaming Sites

With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.

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e-wallet

Online gambling is an industry that needs to keep up with technological trends, to make sure it stays relevant and convenient within the gambling community.

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Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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