Thai lender Kasikornbank, Japan's Line form JV to tap digital banking

Thai lender Kasikornbank, Japan's Line form JV to tap digital banking

Photo: rawpixel/unsplash

Thailand fourth-largest lender Kasikornbank Pcl said on Wednesday it formed a joint venture with Japanese mobile chat app operator Line Corp to tap into its network of users to grow personal loans.

“Traditional banks aren’t as fast as IT companies (in releasing services)… So setting up a new firm to provide financial services will better serve our customers,” KBank‘s president, Patchara Samalapa, told reporters.

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