JMART and SGC Ready for New BOT Rules as Lock Phone Loans Exceed 20 Billion Baht

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

JMART Group Holdings and SGC Capital have confirmed their readiness for the Bank of Thailand's enhanced supervision of non-bank businesses and Buy Now Pay Later services, which are currently open for public comment, viewing this as a positive direction for the industry. Adisak Sukhumvitaya, CEO of JMART, stated that the group has always prioritized responsible lending and risk management. Meanwhile, Anothai Sriateapetch, Managing Director of SGC, revealed that Lock Phone loan disbursements through the SG FINANCE+ platform have surpassed 20 billion baht in cumulative new lending over more than two years, and emphasized that the company operates in compliance with relevant laws and regulations, while closely monitoring the new rules to align its operations accordingly.

Impact on stocks 2

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

JMART confirms readiness for the Bank of Thailand's enhanced non-bank/BNPL supervision, viewing the new rules as a positive direction for the industry.

Financials▲ · 1 stocks
SG Capital PCL
SGC
▲ PositiveRegulationrelevance

SGC Capital confirms readiness for the BOT's enhanced non-bank supervision and says it operates in compliance while monitoring the new rules.

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