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JD Digits steps up overseas presence with e-wallet app in Thailand

Xinhua | Updated: 2019-09-15 13:39
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A JD outlet is pictured in Luoyang, Henan province. [Photo/IC]

BEIJING - Chinese digital technology firm JD Digits has stepped up overseas expansion by rolling out a financial services app with local partners to promote e-wallet services in Thailand.

The e-wallet app Dolfin can support electronic Know Your Customer technology and features money transfer, payment and other digital wallet functions, the company said in a statement.

Online credit, wealth management, insurance, digital marketing and other functions will be gradually offered via the app.

The product was launched by Central JD Fintech, a joint venture set up in 2017 by JD Digits and Thai retail giant Central Group, which is expected to promote a cashless society by leveraging the former's fintech expertise and the latter's retail presence.

JD Digits, once the financial technology arm of Chinese e-commerce titan, has accelerated its global expansion with forays into overseas markets including Indonesia and Thailand.

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