Thailand set to approve banking agents amid inclusion push

People in Thailand can take deposits, transfer money and pay bills at banking agents such as small merchants and post offices

The Bank of Thailand is to announce banking agent regulations next month with the goal of improving banking access and lowering transaction costs for people in remote areas.

On February 19, Somboon Chitphentom, assistant governor of the financial institutions policy group, and Mathinee Subhaswadikul, senior director of the financial institutions supervision department, briefed media on the banking agent plans.

According to the BoT officials, a banking agent is “representative of a commercial

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