Thailand approved three groups to set up virtual banks.  
This aims to boost financial innovation, reach underserved markets, and increase competition.  
The approved consortia include Krung Thai Bank’s group,  
a team led by telecom giant AIS and PTT,  
and a partnership with SCB X, WeTechnology, and KakaoBank.  
Five groups applied, but only three passed the strict review.  
They were judged on qualifications, digital models, and serving unbanked customers.  
The move will improve access for r