Thailand’s Kasikornbank to give Shopee e-commerce merchants loans

BANGKOK (Reuters) – Thailand’s second-largest lender, Kasirkonbank Pcl (Kbank) will start giving digital loans to sellers on Sea Ltd’s e-commerce business Shopee, in the bank’s latest digital partnership, it said on Wednesday.

The tie-up will give online sellers access to loans of up to 600,000 baht ($19,570) and also offer advice and training, Kbank President, Patchara Samalapa, with sellers being able to obtain loans without submitting physical documents.

We will serve online sellers who want to equip themselves and expand their business, he said.

Thai bank earnings have been under pressure from a digital transaction fee waiver last year and slowing loan growth.

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