CDS, mobile operators pioneer Credit Sim
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Loan service targets unbanked sectors
published : 6 Apr 2021 at 04:09
1 Ms Sinipha, left, and Mr Pakorn, at the launch of Credit Sim . The company expects the service to break-even within three years.
CDS Venture Co is working with mobile operators to provide mobile SIM cards, called Credit Sim, in which user payment habits are gauged to provide credits, targeting informal workers and university graduates in the 3-billion-baht lending market. We see the potential of personal loan service in Thailand. There is still a problem with loan sharks and strong demand from unbanked users, said Sinipha Kittipatrakul, chief executive of CDS Venture.