Thailand: May 2021

Startup Thailand: tech news in May

Thailand’s tech news round-up for May 2021 headlines covered items including fashion-focused e-commerce, cryptocurrency and ID verification, blockchain-backed digital assets, national smart city developments in Thailand, and more. We’ve also added a snapshot of April’s tech news headlines to provide a wider pool of reference points on Thailand’s technology and startup scenes.

The headlines below outline Thailand’s tech news headlines from May 2021, providing our readers with:

• an at-a-glance overview of the month’s tech news from Thailand;
• instant insights into Thailand’s technology ecosystems; and
• instant access to the online news articles behind the headlines.

You can also get our all-day tech news updates
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• Thailand: Opening new cryptocurrency accounts may require in-person machine verification of identity once new Anti-Money Laundering Office regulation kicks in
• Thailand: atato raises $1M seed funding to help companies create, store and manage blockchain-backed digital assets, and building on presence in Thailand and Singapore
• UK Thailand Tech Export Academy launches, boosting smart city development across Thailand, with 200 businesses from the UK and Thailand matched to date
• Thailand: Siam Commercial Bank to launch hotel booking app in 2022, focusing on hospitality SMEs by not charging a gross profit fee
• Thailand: Pomelo fashion e-commerce firm to boost revenue by offering its analytics and demand forecasting tech to other fashion brands under Prism banner
• Thailand: Securities and Exchange Commission approves fundraising criteria for SMEs and startups in primary and secondary markets, boosting access to funding

Thailand tech news: April 2021 snapshot

• Bank of Thailand announces intention to develop a retail central bank digital currency, provisionally aiming for trials in Q2 2022
• Mercular raises $3M Series A with hobby-focused e-commerce platform
• Download: Central Bank Digital Currency – The Future of Payments for Corporates, from the Bank of Thailand’s Project Inthanon (pdf)
• Download: The Way Forward For Retail Central Bank Digital Currency in Thailand, from The Bank of Thailand (pdf)