DigiAsia Corp., Listed on NASDAQ (FAAS) and MOS Utility Limited, Listed on NSE (MOS) to Expand Strategic Partnership into AI-Powered Branchless Banking and Financial Inclusion Innovation

Core Insights - DigiAsia Corp. and MOS Utility Limited are expanding their strategic partnership to enhance AI-powered branchless banking and financial inclusion, targeting a market opportunity exceeding US$30 billion [1]. Group 1: Partnership and Expansion - The partnership will integrate MOS's technology to scale DigiAsia's branchless banking in Indonesia, onboarding over one million merchants as financial service agents [2]. - The collaboration aims to provide financial services to underserved communities, particularly in rural and semi-urban areas of Indonesia [3]. Group 2: AI-Powered Innovations - DigiAsia and MOS will co-develop advanced AI capabilities, including cash collection, cash disbursal, consumer loan origination, and automated KYC processes [2]. - AI-based tools are expected to improve agent performance, reduce service disruptions, and enhance customer experience in both Indonesia and India [3]. Group 3: Executive Insights - Prashant Gokarn, Co-CEO of DigiAsia, emphasized that the partnership focuses on building AI-powered ecosystems that empower Indonesian merchants and promote digital trade and inclusive finance across Asia [4]. - Mr. Chirag Shah, Chairman of MOS, highlighted the transformation of financial service delivery through the combination of MOS's modular fintech infrastructure and DigiAsia's distribution reach [5]. Group 4: Company Backgrounds - DigiAsia Corp. is a pioneer in Indonesia's embedded finance sector, providing innovative fintech solutions that support digital ecosystems [5]. - MOS Utility Limited is an Indian fintech innovator that offers digital payments and financial services through a modular technology platform, enhancing financial access in both urban and rural India [6].