The Bank of Thailand wants to grant individual banking agent licences for basic financial transactions to broaden consumer alternatives in accessing financial services. According to the central bank's consultation paper, policymakers plan to offer individual banking agent licences to those who qualify. Individual banking agents offer more convenience to consumers, especially those living in remote areas who cannot access bank branches and ATMs. Supreecha Limpikanjanakowit, first senior vice-president of Kasikornbank, said KBank has potential partners for the bank's individual banking agents in mind. The bank needs to wait for clear regulations from the central bank about individual banking agents before studying the new channel, Mr Supreecha said.

Source: Bangkok Post October 13, 2019 23:37 UTC