JMART and SGC have stated that the Bank of Thailand's (BOT) enhanced supervision of non-bank businesses and Buy Now Pay Later (BNPL) services is a positive direction for the industry, helping to establish competitive standards and protect consumers. Mr. Adisak Sukhumvitaya, Chief Executive Officer of JMART, said the group emphasizes responsible lending and risk management. Meanwhile, Mr. Anothai Sriateapetch, Managing Director of SGC, said the company is ready for the new regulations, having already implemented a credit risk management system. New loan disbursements for the Lock Phone business via the SG FINANCE+ platform have exceeded 20 billion baht over more than two years. SGC will closely monitor the BOT's detailed guidelines to align its operations accordingly.
Jay Mart Public Company LimitedJMART supports BOT's new regulations on non-bank and BNPL, seeing them as positive for industry standards.
SG Capital PCLSGC welcomes BOT's regulations, stating readiness and alignment with new credit risk management requirements.
