Check out my portfolio distribution, welcome to follow! Thailand has approved three applicants to establish virtual banks, aiming to promote financial innovation, expand access to underserved markets, and enhance the competitiveness of Thailand's banking sector. According to the Bank of Thailand (BOT), the Ministry of Finance stated that a consortium led by Krung Thai Bank, along with a consortium composed of telecom giant Advanced Info Service and PTT Oil and Retail Business, as well as a consortium formed by SCB X, WeTechnology, and South Korea's KakaoBank, have received preliminary approval. A total of five applicants submitted applications, and after a detailed evaluation process, three institutions were ultimately selected, with the evaluation focusing on the qualifications of the applicants, digital business models, and the ability to provide inclusive financial services. Regulators indicated that this initiative aims to improve service channels for retail customers and small and medium-sized enterprises (SMEs) through innovative digital channels, especially for those currently without bank accounts or underserved customers.