Peer-to-Peer Lending Platform A platform or electronic network that facilitates lending and borrowing by matching borrowers with lenders. It supports loan agreements, fund disbursements, repayments, and debt collection, providing an alternative for easier credit access with costs aligned to borrowers' risk levels. It also offers additional investment opportunities for lenders. In this regard, the Bank of Thailand requires businesses to conduct limited-scope testing under the Regulatory Sandbox to ensure proper risk management and user protection. After successfully tested in the Sandbox, service provider must apply for a license from the Ministry of Finance before operating on a broader scale.

Note:

The Regulatory Sandbox is a framework for testing and developing innovations that leverage new technologies to enhance financial services. It allows financial service providers to test their services using new technologies within a limited scope. This approach aims to foster financial innovation while ensuring appropriate measures are in place to manage risks and protect users effectively.

^{Data as of November 29, 2024}