According to Ms Sittharmanin, the money-changing industry has been damaged almost as much as the tourism sector because of the close links between both businesses. Roughly 20-30% of the company's existing clients have requested cross-border money transfers, so there is demand, she said. STR Forex made digital payments available via mobile banking, QR code and credit card for forex transactions as of last year. If the forex business were to normalise, the company has no plan to open more brick-and-mortar branches, said Ms Sittharmanin. "With a lean organisation and offering new businesses, we expect to book a profit this year, albeit an insignificant amount," said Ms Sittharmanin.

Source: Bangkok Post April 09, 2021 23:23 UTC