Thailand approved three groups to set up virtual banks.  
This boosts financial innovation, expands access to underserved markets, and increases competition.  
The approved consortia include Krung Thai Bank’s ACM Holding,  
a team with Advanced Info Service and PTT Oil,  
and SCB X with WeTechnology and Korea’s KakaoBank.  
Five applied, but three were picked after strict checks.  
Focus was on qualifications, digital models, and serving unbanked customers.  
The move aims to improve services fo