AutoX, a subsidiary of the SCBX Group and provider of "Ngern Chaiyo" title loans, continues to advance its Strategic Partnership strategy by partnering with PTT Oil and Retail Business Public Company Limited (OR), Thailand's leading gas station operator. The collaboration aims to extend financial services to underserved segments of the Thai population, offering them comprehensive access to credit. Customers can now apply for "Ngern Chaiyo" loans, covering a range of vehicles including motorcycles, sedans, pickup trucks, vans, trucks, agricultural vehicles, and even land title deeds, by scanning the QR code on Ngern Chaiyo promotional materials at over 1,000 participating PTT Stations across 77 provinces. Ngern Chaiyo's Live Chat support is available to assist applicants, providing them with information and initial approval limits within just ten minutes. The service promises "no deductions, no guarantees, and quick disbursement within one hour" to streamline the application process. Additionally, Ngern Chaiyo ensures that borrowers are fully informed about their rights and loan conditions before proceeding, aligning with the Bank of Thailand's principles of Responsible Lending to encourage responsible borrowing.
The partnership between AutoX and OR enhances access to financial services for customers at PTT Stations, which offer both fuel and comprehensive amenities. This initiative addresses the modern consumer's lifestyle needs, including food and beverage options, convenience stores, and clean and safe restroom facilities, and aims to expand credit access across all regions. This collaboration was recently announced by Mr. Dhiramesr Sasiraweeroj, Chief Product and Technology Officer at AutoX Co. Ltd., (Right) and Mr. Piman Poolsri, Senior Executive Vice President, Oil Retail Business, PTT Oil and Retail Business Public Company Limited (OR) (Left)