Bangkok Post
Ascend Bank aims for July launch
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Ascend Bank, the virtual bank backed by Charoen Pokphand (CP) Group, is expected to debut in July, says Suphachai Chearavanont, senior vice-chairman of CP Group and board chairman of True Corporation.
Key facts
- Rival Clicx Bank announced earlier this week it plans to launch its mobile app on June 19, aiming to tap underserved customers.
- Ascend Bank, the virtual bank backed by Charoen Pokphand (CP) Group, is expected to debut in July, says Suphachai Chearavanont, senior vice-chairman of CP Group and board chairman of True Corporation.
- Clicx Bank, jointly established by Krungthai Bank, Advanced Info Service and PTT Oil and Retail Business, received its licence on May 14, the first of three applicants to obtain approval from the Bank of Thailand.
- CP All organised an extraordinary shareholders meeting on May 29 to decide on whether to approve the integration
Summary
Rival Clicx Bank announced earlier this week it plans to launch its mobile app on June 19, aiming to tap underserved customers.
Clicx Bank, jointly established by Krungthai Bank, Advanced Info Service and PTT Oil and Retail Business, received its licence on May 14, the first of three applicants to obtain approval from the Bank of Thailand.