Bright future for digital loans
Slow economy leads to surge in requests
Economic doldrums related to the pandemic have prompted a surge in demand for digital loans in several forms, including nano-finance products offered both by banks and non-bank companies.
Line BK, a social banking collaboration in Thailand between Kasikornbank (KBank) and Line Corporation, reported that personal digital loans increased to 6 billion baht in the first five months after launching in October 2020.
The company is targeting new loans worth 10 billion baht in the 12 months following product launch.
“With lower income and a…
