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Bangkok Post
Bangkok Post
Business

SCB X and KakaoBank eye virtual banking

SCB X the Bank of Thailand Thailand South Korea
Arthid Nanthawithaya, chief executive of SCB X, shakes hands with Yun Ho Yong, chief executive of KakaoBank, following talks about setting up a consortium to apply for a virtual bank licence. (Photo: SCB X)

SCB X Plc is teaming up with KakaoBank of South Korea to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.

SCB X, a financial technology conglomerate and holding company of Siam Commercial Bank, made the announcement on Friday after signing an agreement with KakaoBank, the largest digital bank in South Korea.

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