Thailand is one of the few Southeast Asian countries that are making continuous efforts to develop a more conducive environment for domestic startups as well as for foreign investors. The banking and insurance sector are pioneers in creating the environment for business, which makes Thailand an excellent place for doing business.
Also, this is the reason that in the third quarter of the financial year 2019-2020, Thailand was raised by six spots from 27 (in FY 2018-2019) to 21 in World Bank 2020 Ease of Doing Business Rankings, as per the Thailand Board of Investment (BOI).
Start-Up In The Field Of Banking And Insurance Industry In Thailand
Thailand is one of the Asian countries that provide a plethora of business opportunities for young aspirants and investors. Thailand has excellent internet and mobile penetration rate, which creates excellent opportunities for internet-based banking and insurance startups, which are internet-based. The global average of internet-based banking activities is 41% while Thailand registers far better than this average and land at more than 74%, well ahead by many developed countries.