Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Banking

Thailand leads mobile banking penetration

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

Avatar

Published

on

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

0/5 (0 Reviews)
Comments

Banking

SCB cuts thai growth forecast to 3.6%

The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6%

Olivier Languepin

Published

on

The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6% from a previous expectation of 3.8%.

(more…)
2.7/5 (3 Reviews)
Continue Reading

Banking

Southeast Asia launches $1 billion facility for green infrastructure

Reuters

Published

on

CHIANG RAI, Thailand (Reuters) – The Association of Southeast Asian Nations (ASEAN), the Asian Development Bank (ADB) and major financiers on Thursday launched a facility to spur more than $1 billion in green infrastructure investments across Southeast Asia.

(more…)
0/5 (0 Reviews)
Continue Reading

Banking

Bank of Thailand feels “no pressure” to change policy rate

The governor of the Bank of Thailand downplayed risks to the economy from the country’s disputed recent election

Reuters

Published

on

BANGKOK (Reuters) – The governor of the Bank of Thailand on Monday downplayed risks to the economy from the country’s disputed recent election and asserted the central bank can afford to take a wait-and-see stance on monetary policy.

(more…)
0/5 (0 Reviews)
Continue Reading

Most Read

Must Read

Subscribe via Email

Enter your email address to receive notifications of new articles by email.

Join 14,323 other subscribers

Trending