The Bank of Thailand (BOT) plans to introduce virtual banks for the first time in the country next year, limiting the issue of licenses to three. The decision was made in July last year to ensure the stability of the domestic financial market and protect depositors from risks associated with new businesses. The bank aims to create a good experience in using digital financial services for customers and encourage competition among financial institutions. The plan requires applicants to make necessary preparations, such as information technology systems and risk management tools, so that their virtual banks can start operating by June 2026. (ICE BANGKOK)

Fonte notizia: The Nation