​On 9 June 2019 Mr. Veerathai Santiprabhob  Governor of the Bank of Thailand (BOT)  and Mr. Yi Gang Governor of the People’s Bank of China (PBC), signed a Fintech Co-operation Agreement in Fukuoka, Japan. 

According to this agreement, the BOT and the PBC will collaborate on several issues, including:

(1) joint innovation projects and research,

(2) information sharing and

(3) regulatory coordination.

The BOT and the PBC share a common interest to create fintech-friendly ecosystems that support the advancement of innovations and technologies.

The two central banks aim to promote the use of innovation and technology to reduce costs and improve efficiency of financial products and services.

Source : Bank of Thailand

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Chamni’s Eye (CEYE) Enters the MAI Stock Market

CEYE produces materials for advertising, television and film. The company provides a full scale production for still image and video, computer-aided photo retouching, and online media production service & media management

ASEAN banks face challenges to decarbonize finance

Across the ASEAN region, 15%-30% of banking system loans are to carbon-intensive industries that have high carbon-transition risks such as coal-fired power generation; coal mining; oil and gas

China doubles down on zero-Covid policy

China’s zero Covid policy will have significant consequences on tourism in Thailand because Chinese tourists represented an important part of the country’s tourism revenue before the pandemic