Bangkok, Thailand. Photo by Aaron Thomas on Unsplash
April 15, 2021
Southeast Asia-based startups kicked off 2021 in style, raising a record $6 billion in the first quarter of the year. Deal count, too, jumped amid signs of economic recovery and mass inoculation programmes to curb COVID-19 across the region.
According to our latest report, companies in the region inked at least 211 deals in the first quarter to raise close to 70% of the total capital secured in 2020. Of this, $4 billion was raised by ride-hailing giant Grab and Indonesia-headquartered logistics firm J&T Express both companies raised $2 billion each as they prepare for their public market debut in the US.
Grab to go public via merger with Altimeter Capital SPAC: WSJ
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Open Banking Regulatory Framework in Thailand has Not Yet Been Fully Launched, but Digital Tech Adoption Remains Steady
March 7, 2021 @ 6:10 pm By Omar Faridi
There are no extensive regulations yet on Open Banking in Thailand, however, the government’s digital transformation strategy (and the
Thailand 4.0 strategy) along with the introduction of the Personal Data Protection Act (PDPA) in 2020 indicate that the country may soon offer an Open Banking framework.
When compared to other Southeast Asian countries like Malaysia and Singapore, Thailand is still far behind when it comes to developing an Open Banking regulatory framework. The reserve bank of Thailand and other regulatory agencies have not yet provided detailed guidelines for financial data-sharing between different service providers.