CDS, mobile operators pioneer Credit Sim

Ms Sinipha, left, and Mr Pakorn, at the launch of "Credit Sim". The company expects the service to break-even within three years. CDS Venture Co is working with mobile operators to provide mobile SIM cards, called Credit Sim, in which user payment habits are gauged to provide credits, targeting informal workers and university graduates in the 3-billion-baht lending market. "We see the potential of personal loan service in Thailand. There is still a problem with loan sharks and strong demand from unbanked users," said Sinipha Kittipatrakul, chief executive of CDS Venture. Some 300 million baht has been invested in the business, she said. The post-paid SIM cards are supplied through a partnership with Advanced Info Service (AIS), Total Access Communication (DTAC) and True Corporation. The SIM card package prices start at 199 baht with an internet speed of 10 megabits per second and un...