Thai lender SCB forms JV with Indonesian travel app Traveloka

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FILE PHOTO: People walk pass the logos of Siam Commercial Bank at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha

 

BANGKOK (Reuters) - Thailand's third-largest bank by assets Siam Commercial Bank Pcl (SCB) on Friday announced a joint venture with Indonesian startup Traveloka to offer financial services and products to Thai customers.

 

The new joint venture, TREX Ventures, will combine Traveloka's understanding of user behaviour and tap into SCB's 16 million customers, chief financial officer of the bank's venture arm, SCB 10X Pitiporn Phanaphat, said in a statement.

 

(Reporting by Chayut Setboonsarng; Editing by Ed Davies)

 

-- © Copyright Reuters 2021-03-26

 

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