The Bank of Thailand (BoT) plans to allow banks to invest more than a current limit of 3% of their capital funds in fintech, except in digital assets, an assistant governor said on Tuesday.
The BoT also expects to issue rules on virtual banks in the first half of the year, Roong Mallikamas told a news conference.
The introduction of such lenders are expected to increase competition in the system, while existing banks will also be allowed to apply, she said.
