DigiAsia and MOS Utility partner on AI-driven financial inclusion

JAKARTA/MUMBAI - DigiAsia Corp. (NASDAQ:FAAS) and MOS Utility Limited (NSE:MOS) announced Monday an expanded strategic partnership aimed at accelerating financial inclusion across Indonesia and India through AI-optimized agent networks. DigiAsia, currently valued at $13.17 million in market cap, has seen its stock decline over 86% in the past year, according to InvestingPro data.

The collaboration will integrate MOS’s technology to scale DigiAsia’s branchless banking across Indonesia, with plans to onboard over one million merchants as financial service agents to reach underserved communities. InvestingPro analysis indicates DigiAsia’s financial health is currently rated as weak, with several key metrics suggesting operational challenges ahead.

The companies will jointly develop AI capabilities including agent performance scoring, cash management systems, and multilingual conversational assistants to support agents in guiding customers through financial services. With DigiAsia’s stock showing high price volatility and trading near $0.22, investors can access 10+ additional exclusive insights through InvestingPro’s comprehensive analysis tools.

"Our partnership with MOS is about more than payments—it is about building AI-powered branchless banking ecosystems that empower over a million Indonesian merchants," said Prashant Gokarn, Co-CEO of DigiAsia.

Chirag Shah, Chairman of MOS Utility, added: "By combining MOS’s modular fintech infrastructure with DigiAsia’s distribution reach, we are creating a platform that will transform how financial services are delivered."

The initiative aims to expand financial services to rural and semi-urban Indonesia by enabling micro-merchants to serve as banking agents, while improving operational efficiency through AI-based tools.

The partnership will focus on cash collection and disbursement, consumer loan origination, and automated KYC processes to provide banking access to underserved markets in both countries.

According to the press release statement, the companies are targeting a US$30+ billion market opportunity through these financial inclusion efforts. The stock’s RSI currently indicates oversold territory, suggesting potential trading opportunities for investors monitoring the company’s expansion efforts.

In other recent news, DigiAsia has announced a strategic shift from its "super app" approach to a "simple app" strategy. This change will focus on enhancing core financial services and scaling its embedded wallet offering for third-party platforms. The simplified app is designed to prioritize the most frequently used financial transactions, as identified through historical data analytics. Additionally, DigiAsia has signed an indicative termsheet with High West Capital Partners for up to $3 million in non-recourse debt financing. This funding will support the company’s initial Bitcoin acquisition strategy. The transaction is expected to close within 45 days, pending final documentation and customary closing conditions. This non-recourse structure will enable DigiAsia to accumulate Bitcoin without equity dilution. These developments reflect the company’s ongoing efforts to refine its financial service offerings and expand its cryptocurrency investments.

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