Indonesia's Traveloka in JV with Siam Commercial Bank unit to tap Thai market

Indonesia unicorn Traveloka has set up a joint venture with SCB 10X, the venture arm of Thai lender Siam Commercial Bank Group, to widen the customer base for financial products in Thailand.

The JV, TREX Ventures, seeks to leverage the Thai bank’s platform and Traveloka’s digital capabilities to offer financial products to customers in Thailand.

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