The BOT expects to begin testing retail CBDC applications with the private sector in December. Ahead of the tests, the BOT is inviting firms to suggest "interesting use cases".
October 31, 2022The next phase of retail CBDC testing will involve Bank of Ayudhya, Siam Commercial Bank, payments provider 2C2P, and technology from Giesecke+Devrient.
August 8, 2022SET's move to invest in ADDX reflects a trend towards a "new capital market landscape that emphasises continuity between the public and private markets".
May 25, 2022The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
August 18, 2021The database acts as a centralised repository of factoring-related transactions to guard against counterfeiting, double financing and fraud.
May 4, 2021The retail payment link will facilitate cross-border transactions between Thailand and Vietnam using local currencies.
April 3, 2021New payments connectivity between the two countries is expected to promote trade, tourism, financial inclusion, and the usage of local currencies in cross-border transactions.
February 20, 2020Six banks will open online deposit accounts digitally, using facial recognition to verify customer identities against information held in the new National Digital ID platform.
February 7, 2020Phase 2 used smart contracts to automate bond lifecycle events, and introduced pre-validation to reduce error and fraud in funds transfers. Phase 3 will be a joint effort with the HKMA.
July 22, 2019Bank of Ayudhya has become the first bank in Thailand to introduce facial recognition in account opening, which it says will enhance security and prevent fraud and identity theft.
March 12, 2019