Bank of Thailand (BOT) and People’s Bank of China (PBC) have signed a Fintech Co-operation Agreement to promote innovation in financial services.
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Governor of BOT Veerathai Santiprabhob and his counterpart of PBC Yi Gang signed the agreement in Fukuoka, Japan, yesterday.
In a joint statement, they said under the agreement, BOT and PBC would collaborate on several issues including joint innovation projects and research, information sharing and regulatory coordination.
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“The two central banks aim to promote the use of innovation and technology to reduce costs and improve the efficiency of financial products and services,” it said. –