State-owned Government Savings Bank (GSB) is poised to ramp up its full-fledged mobile banking development plans to accommodate its ambitious role as a social banking provider.
President and chief executive Vitai Ratanakorn said the ultimate goal as a social bank is to narrow social disparity and reduce poverty in the country through lending and other financial services.
“The bank’s goal aligns with the government’s policy and national strategy, which aims to reduce the number of poor people and allow low-income earners to gain easier access to financial services and products,” said Mr Vitai.
He said traditional lending practices and services through the bank’s branches fail to cover several million people at the grassroots level…
