Gulf Energy Sees Virtual Bank License Supporting Digital Push

Gulf Energy, Thailand’s largest private power producer, expects new virtual bank license to help accelerate its expansion into digital business such as cryptocurrency trading.

• Gulf Energy will apply jointly with partners Krung Thai Bank and affiliate Advanced Info Service for a new virtual bank license, CEO Sarath Ratanavadi told reporters late Tuesday, confirming a local media report
• Consumers are now doing transactions via mobile phones, so virtual bank license will allow company to offer loans to large group of untapped borrowers
• Gulf Energy will be minority shareholder in the virtual bank to be set up
• On Tuesday, Gulf Energy ...