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Bangkok Post
Bangkok Post
Business

Locals firms prefer digital over virtual

Kattiya Indaravijaya Line BK KBank
Local banks present financial services at a Money Expo. (Photo: Kitja Apichonrojarek)

Local banks are focusing on nudging their customers to digital platforms to grow services there, instead of applying for the central bank's upcoming virtual bank licence.

According to the Bank of Thailand's guidelines for the new business licence, virtual banks can raise deposits from customers.

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