Chai Bunnag, president and executive director of AQUA, said the first and only P2P lending platform in Thailand will be available by the fourth quarter of this year.
The platform and its blockchain technology are now being tested while talks are underway to secure Liberator Securities Plc as its legal custodian.
“This is a new type of borrowing that will replace the familiar borrowing from commercial banks and financial institutions,” said Chai. “Nestify is the first such operator in Thailand to be granted a business licence. We want Peer for All to help solve financial problems for Thai people in the long run.”
Chai is also CEO of Nation Group.
Krisada Pruitipat, CEO of NEWS, said he was very satisfied with the AQUA collaboration.
NEWS is currently undergoing organisational transformation to boost stability and long-term expansion.
“NEWS is now expanding its fintech business to…
