debt collection
This business collects overdue consumer and corporate debts for banks, finance companies, and other lenders. JMT contacts borrowers, negotiates repayment plans, and follows up on unpaid accounts.
Customers and revenue model
J
JMT Network Services PCL
SET:JMT
JMT Network Services PCL
SET:JMT
Price:
10.8
THB
3.85%
Market Cap:
฿15.8B
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Company Overview
Business Description
- Sector
- Financials
- Industry
- Financial Services
- Headquarters
- Thailand TH
- Employees
- 2 225
- IPO date
- Jun 25, 2009
JMT Network Services is a Thai debt collection and distressed debt buyer. It helps banks, credit card lenders, and other finance companies recover unpaid loans by contacting borrowers, arranging repayment plans, and collecting cash on their behalf. It also buys bad debt portfolios at a discount and then tries to recover those receivables for itself.
The company makes money in two main ways: service fees when it collects debt for clients, and recoveries when it owns the debt outright. Its customers are mainly financial institutions that want to clean up their loan books and turn overdue accounts into cash. JMT sits between lenders and borrowers, so its business depends on legal collection work, negotiation, and the ability to manage large pools of overdue accounts.
What makes the model different is that JMT is not a traditional lender or bank. It does not mainly earn from interest on new loans; it earns from collecting old ones and from buying distressed receivables at a discount. That gives it a niche role in Thailand’s credit system, especially where banks want an outside specialist to handle hard-to-collect debts.