OneConnect Deepens Thailand Ties: Auto Ecosystem Expansion Gains Momentum with DEPA Partnership
SHENZHEN – Thailand’s Digital Economy Promotion Agency (DEPA) delegation visited global fintech leader OneConnect at Ping An Finance Center this week, advancing talks on localized technology collaboration. OneConnect Southeast Asia CEO Matthew Chen led strategic discussions focused on digital innovation and cross-border ecosystem development.
Strategic Alignment with Thailand’s Digital Goals
DEPA, Thailand’s core agency for driving national digital strategy, organized the "Digital CEO Program" delegation to benchmark Chinese tech expertise. The visit aimed to equip Thai enterprises and institutions with actionable insights for digital transformation, supporting Thailand’s push to become a regional tech hub.
Showcasing Ping An’s Tech Ecosystem
The delegation toured Ping An’s Technology Exhibition Hall, where Chen detailed the conglomerate’s 37-year evolution and integrated "finance + healthcare" model. Interactive demos highlighted AI, big data, and blockchain innovations that have optimized financial services across markets
. Chen later presented OneConnect’s six core global solutions:
Core system modernization
Cross-border trade finance
Intelligent risk management
Auto ecosystem platform integration (showcased in South African and ASEAN projects)
Auto Ecosystem: Cornerstone of Regional Expansion
Thailand’s status as the "Detroit of Southeast Asia" – with leading auto production and export volumes in ASEAN – positions it as a priority market. OneConnect will adapt Ping An’s proven auto ecosystem model to Southeast Asia, delivering an integrated platform covering:
Digital car retail marketplaces
AI-driven auto loans and insurance
Post-sale service digitization
Why Thailand’s market fits:
750M+ vehicles in circulation across Malaysia, Thailand, Vietnam, Indonesia, Philippines
Surging EV policy support and young, urbanizing demographics
Banks’ urgent need for unified digital tools amid low loan/insurance penetration
Next Steps: From Dialogue to Deployment
OneConnect will deepen engagements with key Thai institutions:
Kasikorn Bank and Siam Commercial Bank: Custom solution workshops targeting digital pain points
Joint pilot programs for auto ecosystem platform localization
Technical exchanges on regulatory compliance (leveraging DEPA’s new tax incentives for digital upskilling)
"Our goal transcends technology export," Chen noted. "We’re co-building resilient ecosystems where auto and finance converge – a win for Thailand’s digital economy." The talks underscore OneConnect’s shift from technical exporter to architect of regional standards.
