The Thailand tech news snapshot for 2023’s second quarter briefly captured tech developments including coverage of Thailand’s VC ecosystem, new remittances agreement between Thailand and Cambodia, Thailand’s moves towards a blockchain-based national digital ID system, and more.
The monthly links listed – April, May & June 2023 – lead directly to the Thailand tech summary for that month, with each Thai tech headline linked to the article behind it.
in June 2023 | in May 2023 | in April 2023
• Plus: Asia’s tech news today / weekly newsletters >
CSET: Mapping emerging technologies and their supply chains
Thailand Tech Snapshot
quarterly: June 2023
“WeGoWhere, established in 2020 by Ty Lertwichaiworawit and Mint Leung, seeks to revolutionize how people socialize, facilitating in-person connections over passive online interactions. This Thailand-based platform has quickly amassed a vibrant community of over 300,000 users.”
“Unlike traditional social media platforms like Facebook or Instagram, WeGoWhere said it encourages users to share their upcoming plans, allowing friends to join in. The platform streamlines the entire process of planning and organizing meetups, making it easy for friends to connect in real life.”
“Thai startup ecosystem is currently ranked #53 globally and #11 in Asia Pacific. This report outlines a number of challenges Thailand must overcome to improve its rankings—including limited risk capital available, particularly in the seed stage; lack of impactful government programs to drive innovation; and few unicorn success stories to attract top talent into the field.”
“These chicken and egg conundrums often present a negative feedback loop for stakeholders.”
“Tourists from China, Hong Kong, South Korea, and Malaysia, who are accustomed to using mobile wallets as their preferred payment method, can now enjoy a seamless and hassle-free shopping experience. This not only strengthens customer satisfaction but also contributes to building long-term customer loyalty.”
Semiconductor supply chains & the critical role of the Indo-Pacific
Thailand Tech Snapshot
quarterly: May 2023
- Bank of Thailand postpones issuance of virtual bank regulations until Q3 2023, citing the need for more time to clarify new licensing and compliance with three initial operators
- Thailand: An interview with Thai Union’s alternative protein managing director, a standalone position dedicated to alt-proteins, cultivated meat and seafoods, and more
- Thailand’s 2C2P payments platform partners Cambodia’s AMK Microfinance Institution solutions provider to expand easy2send remittances service between Thailand and Cambodia
- Thailand: China’s Alipay+ cross-border payments giant announces integration of 4 mobile wallets in Thailand, from Hong Kong, South Korea, Malaysia and mainland China
- A brief intro to the 7 startups partnered by Visa Accelerator Program, focusing on Asia Pacific payments
KPMG Venture Pulse Q2 2023 – Asia: An overview of key findings
Thailand Tech snapshot
quarterly – April 2023
- Thailand: An intro to Batch 4 of SPACE-F food-tech incubator and accelerator, working on solutions in aquaculture and alt-seafoods
- ‘Asian gov’t agencies bet on Thai startup ecosystem to boost investment, growth’ via DealStreetAsia
“Thailand, Vietnam, India and Cambodia have emerged as early winners this year as semiconductor production begins to move away from traditional centers such as Taiwan and China.”
- Thailand: Gov’t moves forward with national digital identity strategy and systems with appointment of Ireland’s SureCert as advisor
- Thailand: An overview of the country’s moves to establish a blockchain-based national ID system
- Thailand: China’s Changan Auto to commence EV production in Thailand, its first outside China, with initial $285M investment in facilities and plans for additional $581M over 4 years
TeleGeography Submarine Cable Map
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