Overseas Financial Business
ACOM's Overseas Financial Business: Developing With a View to the Growing ASEAN Market
The ACOM Group has focused on ASEAN market making salient growths in retail finance sector: it has launched financial businesses in the Kingdom of Thailand and the Republic of the Philippines.
EASY BUY Public Company Limited, in the Kingdom of Thailand
SIAM A&C CO., LTD. (present, EASY BUY Public Company Limited) was established in Bangkok, the Kingdom of Thailand, as the first overseas base in September 1996. This company was licenesed as a public company based on Thai law in April 2005.
Utilizing expertise and experience garnered in Japan, the company operates unsecured personal loan business under Umay+ (Umay Plus) brand and installment loan business (installment sales finance business) under sales brand EASY BUY. Its high quality services based on ACOM's expertise has won wide range of customer support.
Umay+ brand in particular is executing proactive marketing measures and has acquired the top brand position in nonbank market of Thailand.
Starting Business in Republic of the Philippines
Overseas Financial Business Keeping Scale Expansion
In July 2017, ACOM and ITOCHU Corporation established a joint venture, ACOM CONSUMER FINANCE CORPORATION in Republic of the Philippines, which is achieving a rapid development. In July 2018, it commenced a personal loan business operation.
In July 2021, our consolidated subsidiary, ACOM(M) SDN.BHD. was established in Malaysia and started its business in September 2023.
Moreover, we have submitted request on issuance of license to authorities in Socialist Republic of Vietnam and have investigated other ASEAN region for further improvement.
ACOM's overseas financial business is enjoying steady growth and expansion, and contributes about 20% of the operating revenue of the ACOM Group.