JMART and SGC Confirm Readiness for New Bank of Thailand Rules After Lending Exceeds 20 Billion Baht

Regulation
โดย HoonVision·TH·Read original
Summary · why it matters

JMART and SGC have confirmed their readiness for the direction set by the Bank of Thailand (BOT) in elevating the supervision of Non-Bank businesses and Buy Now Pay Later (BNPL) services, which are currently in the process of preparing a regulatory framework and opening for public comments. SGC, a company under the SINGER group and part of the Jaymart Group ecosystem, celebrated a milestone in its Mobile Phone Lending business after cumulative new loan disbursements exceeded 20 billion baht. Mr. Adisak Sukhumvitaya, Chief Executive Officer of JMART, stated that the enhanced supervision is a positive direction for the industry as it will elevate competition and consumer protection. Meanwhile, Mr. Anothai Sriteapetch, Managing Director of SGC, stated that the company operates under relevant regulations, prioritizes Responsible Lending and customers' debt repayment capability, and will closely monitor the details of the new regulations to align its operations accordingly.

Impact on stocks 3

Digital Finance & Tokenization▲ · 1 stocks
Jay Mart Public Company Limited
JMART
▲ PositiveRegulationrelevance

JMART CEO calls the Bank of Thailand's enhanced non-bank/BNPL supervision a positive direction for the industry, and JMART confirms readiness to comply.

Financials▲ · 1 stocks
SG Capital PCL
SGC
▲ PositiveRegulationrelevance

SGC confirms readiness for the new BOT regulatory framework and says it already operates under relevant regulations with responsible lending.

Consumer Discretionary▲ · 1 stocks
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