Gulf Energy Development Plc is set to launch a virtual bank venture with Advanced Info Service Plc and Krungthai Bank Plc. The joint venture will apply for a virtual bank license with the Bank of Thailand, with an initial investment of 5 billion baht. The central bank has limited the issuing of licenses to three virtual banks to maintain financial system stability. The joint venture aims to leverage Gulf's technology, AIS's large user base, and KTB's financial industry expertise to drive the virtual bank business forward. (ICE BANGKOK)

Fonte notizia: The Nation