Thailand, China central banks ink agreement on fintech cooperation

MDV will extend its product offering to venture financing and support on-going fintech initiatives.

BANGKOK: Bank of Thailand (BOT) and People’s Bank of China (PBC) have signed a Fintech Co-operation Agreement to promote innovation in financial services.

Governor of BOT Veerathai Santiprabhob and his counterpart of PBC Yi Gang signed the agreement in Fukuoka, Japan, yesterday. 

In a joint statement, they said under the agreement, BOT and PBC would collaborate on several issues including joint innovation projects and research, information sharing and regulatory coordination.

"The two central banks aim to promote the use of innovation and technology to reduce costs and improve the efficiency of financial products and services,” it said. - Bernama
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Macau casino giants win licence renewals, Malaysia's Genting loses bid
Oil prices fall 2% as Chinese demand worries linger
China investors identify trigger points to buy
More than meets the eye in courier industry
Energy security is global priority in 2023
Asia’s richest man makes US$5bil bet to silence debt-obsessed critics
The crypto bubble of the worst kind
ESG in real estate gains traction
Poll: UK house price rally to end next year but no big crash seen
The rise and fall of FTX

Others Also Read