The Bank of Thailand has issued digital personal loan regulations, paving a path for consumers with no financial statements to better access financial services.
The Bank of Thailand issued a circular to business operators that want to apply for digital loan business licenses to incorporate alternative data for digital personal loan analysis apart from the existing use of financial documents.
Alternative data includes payment of utilities such as water, electricity or telephone bills and income or financial behaviour of online shopping.
Continnue read: https://www.chiangraitimes.com/economy-business/bank-of-thailand-issues-new-digital-personal-loan-regulations/
