Kasikornbank to offer loans to Shopees merchants

Thursday 3 October 2019 11:44 CET | News

Kasirkonbank has announced that it will start offering digital loans to sellers on Shopee, Reuters reports.

The lender will offer online sellers access to loans of up to THB 600,000 (USD 19,570), with sellers being able to obtain loans without submitting physical documents.

The Shopee platform in Thailand features major brands and about 750,000 individual sellers. Thailand’s digital lending doubled to THB 334.2 billion in 2017, according to government data. In 2018, Kasirkonbank invested USD 50 million in ride-hailing company Grab, and in July 2019 it introduced personal loans for merchants and Grab drivers.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: KASIKORNBANK, Thailand, Shopee, merchant
Countries: World