The Thailand tech news snapshot for December 2023 captured a handful of items, including: Thailand’s potential for tech and startup activity, given its economic stature in SEA; Thailand-Hong Kong cross-border payments via QR code apps; Tesla’s interest in Thailand for an EV manufacturing plant; and more.
Other editions: Asia’s tech news, daily (via LinkedIn, Facebook & Twitter/X); and Indo-Pacific technology newsletters, weekly.
Also available:
Critical technologies in December 2023
PwC Digital Payments Survey 2024: Southeast Asia landscape
- Thailand: Ministry of Higher Education, Science, Research & Innovation recently hosted VCs in move to boost funding networks and investment in Thai startups
- Cybersec Asia 2024 event is set for Thailand from January 31st to February 1st, focusing on Asia’s cybersecurity challenges, regulatory and evolving threat landscapes
- Thailand: Tesla is ‘looking for 2,000 rai (320 hectares) of land’ says Prime Minister, likely for construction of a factory to produce electric vehicles rather than simply an investment footprint
“Thailand, the second-largest economy in Southeast Asia, is poised to reclaim attention in the startup landscape. While currently boasting approximately 180 funded startups, a modest figure compared to other ASEAN-6 nations, Thailand’s economic stature hints at vast untapped opportunities.”
“The impending boost comes from a strategic shift in investment focus, prioritizing rapid profitability, complemented by government initiatives fostering a digital economy. This dynamic combination is set to propel Thailand’s startup ecosystem into accelerated growth, particularly in sectors like Industry 4.0, Software, Fintech, B2B Marketplaces, and Climate Tech. As the landscape evolves, Thailand emerges as a compelling hub for innovation and entrepreneurial success.”
- Thailand: An overview of 7 key insights on Thailand’s fintech landscape, touching on cashless payments adoption, cross-border transactions, digital banking licensing and more
- Hong Kong Monetary Authority and Bank of Thailand launched the FPS x PromptPay Link for cross-border QR-based payments between the two
Coinbase Institutional: 2024 Crypto Market Outlook
Indo-Pacific Tech news: Daily
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