Thailand and Hungary partner to promote blockchain technology in the financial sector

Industry associations from Hungary and Thailand plan to collaborate on implementing blockchain technologies in the financial services sector. The two sides hope to share experiences and come up with ideas for alternative services as part of the new partnership.

Thailand and Hungary Announce Blockchain Pact in Bilateral Fintech Forum

The Thai Fintech Association and the Hungarian Blockchain Alliance have signed a Memorandum of Understanding to support the introduction of new technologies into their financial markets. The agreement was signed during the first edition of the “Thai-Hungarian Fintech Forum: Driving the Financial Revolution Together,” the Bangkok Post reported on Saturday.

The event aims to introduce financial technology services organized by the Hungarian embassy. The Hungarian Blockchain Alliance was established on the initiative of the Ministry of Innovation and Technology and the National Data Economy Knowledge Center in March, to promote the country as an innovator in the digital age. digital. Its members come from the private, public and academic sectors.

Chonladet Khemarattana, president of the Thai Fintech Association, pointed out that digital financial services such as e-commerce, mobile payments and digital currency are growing rapidly in Thailand, with a large number of people Cryptocurrency ownership is increasing. According to him, the further development of financial technology requires international cooperation. He clearly stated:

Future cooperation with Hungarian companies will help Thailand gain more experience. It will also help both countries initiate new ideas or services in the future.

According to Hungarian Ambassador to Thailand Sándos Sipos, Hungary considers that it is of primary importance to promote the latest fintech solutions and establish extensive cooperation with partners in that field. He added that the diplomatic mission is recognizing the need to shape financial technology trends.

Sipos reminded that the two countries will celebrate the 50th anniversary of the establishment of diplomatic relations next year. He described the memorandum of understanding as another important milestone in financial cooperation between Hungary and Thailand after the Governor of the Bank of Thailand Sethaput Suthiwartnarueput participated in the Budapest Eurasia Forum organized by the National Bank of Hungary. office last month.

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