FRIDAY, March 29, 2024
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J Fintech bets on mobile app for massive boost

J Fintech bets on mobile app for massive boost

J FINTECH Co Ltd, a personal loan provider that is part of Jay Mart Plc group, has launched a personal loan mobile application named J Money.

The launch is one of a series of moves intended to boost personal loans to Bt3.5 billion this year, up 60 per cent year from last year.
The company hopes the app will entice new customers while also providing greater convenience to current customers. It is also part of the group’s transformation from a traditional organisation to a digital one.
Jay Mart group businesses range across IT device distribution, property development, debt collection management, and personal loan provision.
Takeharu Uematsu, chief executive officer of J Fintech, said that the company aims for the app to attract new customers who want to submit a personal loan application anytime, anywhere. Current customers would also benefit from being able to conveniently check their total credit limit, total balance due and find out the location of the nearest J Fintech branch.
By attracting more customers, the J Money app would help achieve the company’s goal for new loans, said Uematsu. “As the app makes it easier to apply for personal loans, we will get more business opportunities,” he said.
“All loan applicants have to do is to fill their information via the J Money application and our staff will contact them.” The app provides a barcode that enables customers to settle their payments without having to bring a paper bill to payment points.
The app will also provide other information, including promotions, to their approximately 100,000 customers. 
Software development firm J Ventures Co Ltd, also under the Jay Mart group, joined hands with J Fintech to develop the J Money application.
Ekachai Sukumvitaya, deputy chief executive officer at the software development firm, said they would keep adding more features and advanced functions to the app, including artificial intelligent features, to bring users additional benefits.
J Ventures has also partnered with fintech start-ups in order to strengthen the group’s businesses and support their digital transformation.
Jay Mart Plc’s chief executive officer Adisak Sukumvitaya said that Jay Mart was expected to list J Fintech on the Stock Exchange of Thailand next year.
 

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