Jay Mart and J Ventures Kick Off FinTech Industry in Thailand

Economy News Monday February 22, 2021 11:02 —PRESS RELEASE LOCAL

Jay Mart and J Ventures Kick Off FinTech Industry in Thailand

JMART is in demand; foreigners continuously knock on the door to be a partner. Recently, announced the investment of TIS Inc, an IT giant company from Japan. By acquiring a stake in J Ventures, a subsidiary of Jay Mart. Reiterating leadership in Tech Company extends Digitization to transform financial services in the Fintech era over domestic competitors.

Mr. Adisak Sukumvitaya, Chief Executive Officer of Jay Mart Public Company Limited or JMART, as a holding company with an investment holding company (IHC) strategy reveals a changing image of the Fintech industry in Thailand. J Ventures Company Limited or JVC, a subsidiary of Jay Mart which currently held at 80%, has been attracted by TIS Inc, a global IT company from Japan with expertise in developing and providing IT solution services for numerous global customers in such areas as finance, manufacturing, services or public organizations. By joining to invest with an investment and opening of the financial business industry in Thailand over the competition.

For the investment plan this reflects the confidence of foreign investors in the Jay Mart group. Make the J Ventures Valuation 1,100 million or 11 times the investment of Jay Mart. Reinforce being a strong Tech Company in the distant future.

Mr. Thanawat Lertwattanarak, Chief Executive Officer of JVC, as a Tech Company in the Jay Mart Group, revealed this success. Jay Mart is a Thai company with various retail distribution channels, possess a big customer data and has preparing for Digitization Transformation preparation for a while. Himself as a driving force for retail and financial technology in the group. He is very confident that this partnership with TIS Inc will accelerate a full-fledged retail and financial ecosystem to be on par with foreign companies.

Mr. Adisak spoke about the current digital industry and concluded that Japan is considered a world leader. IT Solution provider is 1 in 5 companies in Japan with high financial stability. If looking back at the investments of TIS Inc. with companies in Thailand in the year 2020. TIS Inc has invested in Grab with an investment of 150 million USD in order to further develop the application for GrabPay. And this is once again that TIS invests in Jaymart group companies. The more it reflects the potential of the group of companies and the future growth of Jay Mart's Ecosystem Including the expansion by adopting technology Digitization from analog to digital with the most concrete and clear. How will the financial industry in the Fintech era change? I want everyone to continue to follow. We are very confident that there will be many more stories to be announced this year.

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