Digital lending service providers are aiming for strong loan growth and business expansion this year.
Line BK, a social banking platform under Kasikornbank, grew total users for its mobile app to 5.3 million and targets extending new loans by 5 billion baht in 2023.
As of December last year, Line BK booked total loans of 50 billion baht with 600,000 loan accounts, Tana Pothikamjorn, chief executive at Kasikorn Line Co Ltd, said in a statement.
The company’s strategy this year is to increase users by 1 million and to further develop its products.
Line BK’s financial transaction service will provide more convenience in accessing services, while its credit provision service plans to expand to cover all regions of Thailand, said Mr Tana.
By the third quarter, Line BK plans to launch a life insurance brokerage service.
Line BK is registered as a life insurance broker…
