Friday, 19 April 2024

The Best Digital-only Bank in Thailand is LINE BK

5 min read

By The Asian Banker

The winning digital-only bank offers transactional banking and retail loan service at the back of its social network application, used by over 53 million Thai. With the mission to serve the “underserved sector” in the country, the platform can offer Credit Line within few minutes to qualified applicants without requiring additional proof of income.  It also offers savings account with no minimum balance required, cardless withdrawal. The platform processes more than 20,000 loan application every day. It also managed to grow its outstanding balance from the lending business by 100% year-on-year. 

For promoting wider financial inclusion for those underserved sector through its intuitive digital capabilities and offerings. the Best Digital-only Bank in Thailand is LINE BK.


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