Krungthai Bank Public Company Limited (SET: KTB) has informed the Stock Exchange of Thailand that KTC Prepaid Company Limited (KTCP), a company within the Bank’s financial business group in which Krungthai Card Public Company Limited (SET: KTC) holds 100% of the registered capital, has received approval from the Bank of Thailand (BOT) to return its licenses for designated payment service businesses.
These include electronic money services, electronic money transfer services, and bill payment services. In addition, BOT has approved the removal of KTCP from the Bank’s financial business group.
KTCP will proceed to notify its customers and relevant stakeholders of the business dissolution in accordance with BOT’s prescribed requirements. The company is also in the process of completing all legal procedures related to the dissolution, which is expected to be completed by the second quarter of 2026 onwards. The dissolution of KTCP will not have any impact on the Bank’s business operations or financial position.
