Srisawad Capital 1969 Public Company Limited, or SCAP, is expanding its locked phone hire-purchase financing market by partnering with major player Xiaomi and investing in an unlimited, paperless automatic credit approval system, enabling dealers and stores nationwide to use it without credit officers. Acting Chief Executive Officer Ms. Duangjai Kaewbutta stated that locked phone financing is a long-term strategic plan or New S-Curve for SCAP, with the mobile phone market selling over 17 million units per year expected to increasingly rely on financing due to continuously rising chip prices. The company aims to become the leader in mobile phone hire-purchase financing in Thailand within two years, after already succeeding as the market leader in motorcycle hire-purchase financing. The automatic approval system will launch this July to enhance speed, reduce costs, and manage risk through an intelligent system under good governance and ESG principles.
Srisawad Capital 1969 PCLSCAP partners with Xiaomi and launches automatic approval system to expand locked phone financing, targeting market leadership.
Xiaomi CorpXiaomi partners with SCAP to expand distribution of its phones through financing, potentially boosting sales.