Thailand’s Siam Commercial Bank inks online lending JV with telco AIS

Credit:Flickr/401(K) 2012

Shares in Thailand’s third largest lender, Siam Commercial Bank Pcl (SCB) jumped in morning trading on Wednesday, following its announcement of a joint venture with the country’s top mobile network, Advanced Info Service Pcl (AIS).

SCB and AIS late on Tuesday announced the creation of AISCB, to provide online lending via online platforms.

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