Thursday, 15 June 2023
by Earn Media
OPN Holdings Co., Ltd. (operating as Opn), the one-stop financial solutions company, today announced that it had started offering card issuing in Thailand, enabling customers to easily launch, manage, and scale their own branded card programs, as well as generate new revenue streams. Opn continues to strengthen its Banking-as-a-Service (BaaS) capabilities, following the prior release of Acquiring-as-a-Service , as it strives to build an inclusive financial ecosystem.
Opn’s full-featured API-based solution allows businesses, platforms, marketplaces, financial institutions, and non-bank lenders to quickly create cards. Cardholders can make online and offline purchases using their mobile phones.
Opn’s card issuing platform offers many benefits to its customers:
“We can now enable banks and nonbank financial institutions, as well as merchants and other businesses, in Thailand to easily and quickly embed our card issuing solution to provide innovative financial services. At the same time, consumers in Thailand will benefit from enhanced access to financial services they previously lacked,” said President and Co-founder Ezra Don Harinsut.
Credit card ownership in Thailand is 23% while 63% of the population is unbanked or underbanked, without a bank account or access to basic financial services.
“We are excited to introduce card issuing as part of our BaaS offering, a significant milestone in our journey towards becoming a truly one-stop financial solutions company. We will continue to expand our BaaS solutions to make digital finance seamless and borderless for consumers and businesses,” said Chief Product Officer Maxim Rokhline.
Opn’s current offerings include a one-stop online payment platform, Opn Payments, and DX consulting services, Opn Pro
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