​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

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

China’s big moment of choice on trade policy

China’s rapid growth since its accession to the WTO — per capita incomes are now well over four times as high today as they were in 2001 — was the single most important poverty-reducing event of the past century

What Are Digital Signatures and What Businesses Need to Know

While digital signatures have been gaining popularity for years, their usage has exploded due to COVID-19, as many companies have shifted to remote or hybrid work models and conduct most of their business electronically.

The Thai banking system remained resilient in Q3 2021 says BoT

The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to serve an important role in assisting borrowers and accommodating loan demand to support economic recovery amidst uncertain COVID-19 situation, said Bank of Thailand latest press release.