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Asia's Tech News in May 2024
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May 2024: Thailand

Thailand’s tech news headlines in May

Digital payments in Thailand, including hopes arising from the PM’s ‘digital baht’ election promise; Thai insect-protein developments; Microsoft’s major investments in Thailand; blockchain-driven payments between Thailand and Myanmar; and more.

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Techsauce Global Summit 2024, Thailand

Techsauce Global Summit 2024 / Technology & Startups / August 7-9

  • A look at the Bank of Thailand’s PromptPay platform, providing digital payments via mobile, or simply National ID number / read it here
  • Thailand: Local startups hope to boost digital commerce as a result of PM’s digital baht giveaway scheme / read it here
  • Thailand: Nat’l Broadcasting & Telecoms Commission cuts ‘net and mobile services to Myanmar’s Shwe Kokko over wide range of criminal activities, including online scams / read it here
  • Thailand: Microsoft inks agreements with gov’t to build cloud and AI infrastructure in Thailand, and to deliver AI skilling to over 100,000 citizens / read it here
  • Thailand: Tops, the food business of Central Retail supermarket chain, partners Jaikla startup to repurpose excess and waste food into insect farm food, producing insect-protein pet foods / read it here

“Kaspersky said that in 2023 it detected 109,315 ransomware incidents in Thailand, the highest in the region. Indonesia was second with 97,226.” / read it here

  • Thailand’s Betagro launches Betagro Ventures with $30M fund focused on food and agri tech sectors / read it here
  • Thailand: Gov’t Digital Economy Promotion Agency invests in Techsauce Media, backing the company’s 4 THAI strategy which aims to place Thailand as a gateway to Asia’s tech scene / read it here
  • Thailand: Techsauce Global Summit 2024 set for August 7-9, featuring startup showcase, business matching, workshops and over 130 sessions / read it here
  • Everex payments firm reportedly presented at ASEAN central bank governor and finance meeting, demonstrating blockchain-based payments between Thailand and Myanmar / read it here
  • Tokyo Metro Gov’t inks MOU with Startup Island TAIWAN and Thailand’s Nat’l Innovation Agency during SusHi Tech Tokyo 2024, aiming to boost startup ecosystem collaborations / read it here
  • South Korea’s KB Kookmin Card credit card issuer partnered by Int’l Finance Corp to boost financial access for Indonesia’s small businesses, and to lift digital inclusion in Thailand / read it here
WEF Global Risks Report 2024

World Economic Forum Global Risks Report 2024

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