SCB Abacus has announced its collaboration with Wongnai to enhance the service scope and capabilities of the leading online lifestyle platform in providing entrepreneurs and small business owners with a complete solution encompassing marketing channels, delivery services and financing solutions. The partnership marks another step forward of SCB Abacus in developing an end-to-end digital lending platform that offers SMEs a faster and easier access to sources of finance to ensure liquidity, business expansion that keeps up with growing consumer demands and competitiveness in the current market.
Yod Chinsupakul, Chief Executive Officer and co-founder of Wongnai Media Co., Ltd., said, "Wongnai strives to become a lifestyle platform that is beneficial for all users, from consumers to businesses. Not only Wongnai is a place where consumers can search for stores, reviews, in-depth details, deals and food delivery services, it is also a platform that connects a range of services to provide business operators with a fully integrated solution. The services are designed to tap into opportunities for marketing, exposure and sales boost. A restaurant management system called Wongnai POS is also offered to help ease and manage processing of orders, product delivery and payment. Together with SCB Abacus' expertise and experience, we are confident that this partnership will lead to a powerful digital lending platform that heightens Wongnai's capabilities to cater to users' demand on financing. Ultimately, the solution will create value that enhances their business operation and ensures a targeted growth in today's context where online businesses are flourishing, in line with Wongnai's objective of building a sustainable growth for SMEs in Thailand."
Dr. Sutapa Amornvivat, Chief Executive Officer, SCB Abacus Co., Ltd., said, "The restaurant business has its own unique, intricate nature. Daily operations are all about the flow. Decisions on costs need to be made quickly and efficiently. The inventory is ever-changing, and unexpected expenses are prone to happen. Several restaurants on Wongnai are popular among consumers and successful in sales. To respond to their needs and make the most of their business potential, SCB Abacus, as a pioneer of online digital lending platforms, has launched "Clickcash" (Mae Manee Sri Online) with Wongnai to enable businesses to access online loan service with personalized conditions in terms of credit limit and payment terms. Wongnai users can submit a loan application through the online platform and receive instant approval without further need to submit documentation. Also, customers will receive money as quickly as demanded. This ease of financing is intended to drive and strengthen Thai businesses in a long term."
Wongnai is a website and application recognized as the restaurant and lifestyle e-platform with the most extensive database. Featuring a number of restaurants, beauty services, spas, food recipes, hotels and tourist attractions, Wongnai is a pioneering leader of user review sites in Thailand with more than 8 million users per month and a database of over 230,000 businesses nationwide. The data on Wongnai is constantly updated with accounts from real customers to help over 3,000,000 users across the country make informed decisions.
This digital lending service Mae Manee Sri Online will soon be available for businesses that operate with Wongnai so they can enhance their competitive edges any time.