Krungthai Bank (KTB) and its partners, Advanced Info Service (ADVANC) and PTT Oil and Retail Business (OR), plan to launch a virtual bank in 2026 after securing approval from Thailand’s Ministry of Finance in June.
The consortium was one of three selected from five applicants in a competitive process that aimed to promote financial innovation and expand services to underserved retail and SME sectors.
Following the approval, the partners established Thai Trinity Holding Co., Ltd. on July 9, with KTB holding 41%, ADVANC 39% and OR 20%.
On 8 August, they incorporated Clicx Bank Public Company Limited, with HoldCo holding 95 percent of its shares, set to increase to 99.99 percent.
Both companies have registered capital of 50 million baht and fall under KTB’s control.
All approved virtual banks must meet regulatory requirements and pass a readiness assessment by the Bank of Thailand before applying for a full license. Operations must begin by 19 June 2026.
Featured image: Edited by Fintech News Singapore, based on image by rawintanpin via Freepik
