Thailand

KBank makes a foray into digital banking

Kasikornbank Bank announces joint venture with Line Financial Asia.

KBank views the venture as an opportunity to access the Line Financial Asia's 44 million users in order to grow the bank's retail loan and digital banking business. "The partnership is deemed to be KBank's self-disruption. Our [existing] working process will be obviously separated and we don't have plans for data collaboration. Customers who use KBank Line must open a new account at the bank's branches," said Patchara Samalapa, KBank's president. 

Read the full story: Bangkok Post