Thai central bank to let banks invest more in fintech, eyes virtual banks

Thai central bank to let banks invest more in fintech, eyes virtual banks

FILE PHOTO: People walk inside the Bank of Thailand in Bangkok, Thailand, August 5, 2016. Picture taken August 5, 2016. REUTERS/Chaiwat Subprasom

Thailand’s central bank 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.