KTB and KTC Jointly Establish “KTC Prepaid” to Operate E-Payment Service Business

Krungthai Bank Public Company Limited (KTB) announced that the Bank and Krungthai Card Public Company Limited (KTC) have jointly established KTC Prepaid Co., Ltd., with a registered capital of 100,000,000 baht divided into 10,000,000 ordinary registered shares, with the par value of 10 baht per share, to operate payment services business as follows: electronic money service, money transfer services, acquiring services and bill payment services.

Regarding shareholding structure, KTB will hold 24.95% of total shares, while KTC will hold 75.05% of total shares.