In Thailand, there is a pressing issue of high-interest informal lending, leaving many underserved citizens in a loop of debt they cannot escape. Looking to tackle this issue,Mambu, the SaaS cloud banking platform, has partnered with the Government Savings Bank (GSB) of Thailand, by launching a new application: Good Money (Money DD).
Good Money was created to offer new opportunities for underserved Thai citizens, providing them with accessible, fair loans, and reducing their reliance on high-interest informal lending. The app has been successfully launched and live since April 2024, and is built on Mambu’s cloud banking platform, which powers its responsible lending solutions.
Endorsed by the Bank of Thailand, Good Money combines innovative technology with a mission to uplift Thai citizens through fair and responsible financial practices. Furthermore, the reach of this product is vast due to GSB serving a third of the Thai population.
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