SCB X believes its digital loan services can provide underserved customers with greater access to financial sources at fair prices, easing the country’s loan shark problem.
As household debt in Thailand has increased to 90.6% of GDP, the company is offering digital loan services under a subsidiary as well as a tentatively planned virtual bank to partially help shift informal lending to a formal loan system.
SCB X is focused on the underserved, low-income segment, presenting new digital platforms to offer financial access with…
