A smartphone displays the Pao Tang app developed by Krungthai Bank. (Photo: Apichit Jinakul)
Krungthai Card Plc (KTC), a non-bank business under Krungthai Bank (KTB), plans to offer personal loans via KTB’s Pao Tang mobile application this year.
KTC plans to expand its new personal loan customers by 110,000 and grow its loan portfolio by 7% in 2023.
Phichamon Jitpentham, head of personal loans at KTC, said the digital channels would be key for acquiring new customers under a collaboration with KTB and the company’s business partners.
KTB initially developed the Pao Tang app to serve the government’s welfare services and economic stimulus schemes during the pandemic. There are around 40 million users of the app.
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