Krungsri teams up with Lalamove
Krungsri Consumer, a provider of credit cards, personal loans and sales financing businesses, and Krungsri Auto, an automotive finance wing, have teamed up with Lalamove Thailand, an on-demand delivery platform, as they collaborate on financial products and services for drivers in Lalamove’s network.
The service offers information-based lending, together with a plan to provide other financial products in the future.
The collaboration is also aimed at providing consumers with useful knowledge for a better financial discipline, while Krungsri Consumer and Krungsri Auto are prepared for more cooperation to continuously strengthen their business partner network in the digital world.
Thakorn Piyapan, chairman of Krungsri Consumer, said: "The collaboration with Lalamove, Thailand's leading on-demand delivery service application, adds a new dimension to the financial service sector in the digital world where technology plays an increasingly integral part.
“Aside from adjusting how we approve of loan applications - from taking into account all the financial documents only, to a new approach called the information-based lending - to increase a chance to gain access to financial services for those freelancers, the initiative is also the start of our ambition to create a strong digital business partner network by bonding with leaders in various business sectors to expand our scope of and our ability to provide consumers with financial and loan services to encompass all segments as well as to adjust the way we provide these services in line with current younger generation's lifestyle. This is an important step forward which will create a truly great impact on the current financial service sector.”
Chanon Klahan, managing director at Lalamove Thailand, said: “As an on-demand delivery platform in Asia which delivers within an hour, Lalamove is committed to improving the quality of life in every aspect of our drivers. Partnering with a leading financial service provider like Krungsri Consumer and Krungsri Auto is a good start. This will provide the drivers in our network the opportunity to access quality financial services.
“This also marks the beginning of an important business partnership where we can also offer value-added services to cover our existing clients who are business owners”.