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Leading companies in the financial, tech and telecom sectors have expressed interest in developing a virtual bank business, with the aim of exploring greater opportunities in the digital era.

Starting with a single retail shop selling electrical appliances 32 years ago, Jay Mart has become a listed holding conglomerate engaged in retail IT, finance and technology, with business partnerships set to expand in order to foster synergy and drive growth.

SET-listed Jay Mart, a holding firm engaged in IT retail, finance and technology, aims to reach a 500-billion-baht market capitalisation by 2024, up from 200 billion baht, driven by technological power, new business models, and financial products.

SET-listed Jay Mart, a major IT product distributor, expects average annual revenue growth of 50% over the next three years driven by its strength in commerce, finance and technology, along with a foray into the metaverse.

The Bank of Thailand announced conditions to establish a joint venture asset management company (JV AMC) to support financial institutions managing bad debt for the long term as the pandemic persists.