Authors: Wilailuk Okanurak, Sutthipong Koohasaneh, Issariya Vimonrat, Pranisa Chinkulkitniwat

Thailand’s Virtual Bank Updates: Ministry of Finance publishes the highly anticipated Virtual Bank N

The Ministry of Finance (“MOF”) has recently published the highly anticipated notification relating to the regulations, procedures and conditions in applying for and issuance of virtual bank licences (the "MOF Notification") which will become effective on 20 March 2024.