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

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.

People visit the stand of Chinese online retailer JD.com during an expo in Shanghai, China, June 13, 2018. [File Photo: IC]

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 JD.com, has accelerated its global expansion with forays into overseas markets including Indonesia and Thailand.