What JMT Network Services does

JMT Network Services Public Company Limited is a Thailand-based, SET-listed (since November 2012) financial services company specializing in non-performing loan (NPL) management, debt tracking, and collection services. Founded in 1994 and majority-owned by Jay Mart Public Company Limited (JMART, ~52.63%), JMT operates across four business segments: debt tracking and collection, NPL/Asset Management Company (AMC) services, insurance brokerage (Jaymart Insurance Broker), and non-life insurance (Jay Mart Insurance PCL, 55% owned). The company serves two distinct customer sets: financial institutions (banks and credit providers) that supply NPL portfolios for management, and individual debtors seeking restructuring and resolution — having resolved over 1 million debtor accounts to date.

JMT's core technology stack is its 'Digital AMC' platform, combining AI-driven customer analytics, electronic information systems, mobile payment infrastructure, the Jaii-Dee mobile application (200,000+ registered users) for debtor self-service, and the JID cryptocurrency wallet for JFIN coin management. The platform integrates with a 41-branch nationwide physical network (JMT by Jai debt mediation centers) plus a 24/7 call center (1527) and online mediation portal. The JK AMC joint venture with Kasikorn Vision anchors JMT's institutional NPL pipeline, with combined NPL assets under management of approximately 574,000 million Baht as of end-2025.

The revenue model is transaction-fee based across multiple streams: third-party debt collection fees, NPL portfolio recovery returns (8,407 million Baht cash collected in 2025; 9,000 million Baht target for 2026), insurance brokerage commissions, and non-life insurance premiums. Go-to-market combines enterprise B2B sales to financial institutions with high-volume B2C community engagement (debt mediation events, financial expos, branch walk-ins). FY 2025 total revenue was 4,802 million Baht with 1,030 million Baht net profit attributable to shareholders; Q1 2026 revenue reached 1,146 million Baht with 252.20 million Baht net profit, demonstrating durable profitability at scale.

Name

JMT Network Services

Legal name

JMT Network Services Public Company Limited

Website

https://jmtnetwork.co.th

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

JMT Network Services is a Thailand-based, SET-listed NPL management and debt collection company founded in 1994, serving financial institutions and individual debtors through a 41-branch physical network, AI-powered digital platform, and the JK AMC joint venture with Kasikorn.

Ownership category

akta.pro rank

Product category

Debt Collection and Non-Performing Loan Management Services

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

Private Placements (144A/Reg S/MTN) (FSACABAK)

Keywords

• Debt collection services
• Non-performing loan management
• Asset management services
• Insurance brokerage
• Consumer credit resolution

Headquarters

HQ city

Saphan Sung

HQ country

Thailand

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Debt Tracking and Collection Services: Third-party debt collection and monitoring services provided to financial institutions, earning fees based on recovered amounts or fixed service charges.
2. Non-Performing Debt (NPL) Management: Acquisition and management of non-performing loans (NPLs) from banks and financial institutions, generating returns through successful debt recovery, restructuring, and collateral liquidation. JMT Group and JK AMC collectively manage approximately 574,000 million Baht in NPL assets under management.
3. Insurance Broker Services: Insurance brokerage business operating through subsidiary Jaymart Insurance Broker Co., Ltd., earning commissions on insurance products sold.
4. Non-Life Insurance Business: Non-life insurance operations conducted through subsidiary JP Insurance PCL (Jay Mart Insurance Public Company Limited), providing insurance products and earning premium revenues.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

JMT Network Services is a Thai public company that provides outsourced debt collection, debt tracking, and non-performing loan (NPL) management services to financial institutions and individual debtors in Thailand. The company manages NPL portfolios of approximately 574,000 million Baht, operates a 41-branch nationwide network, and has resolved over one million customer accounts. Its offerings also include insurance brokerage through Jaymart Insurance Broker and non-life insurance via its majority stake in Jay Mart Insurance Public Company Limited.

Product overview

JMT Network Services operates as a comprehensive financial debt management ecosystem with four core business segments: Debt Tracking and Collection Services, Non-performing Debt Management (Asset Management Company/AMC), Insurance Broker Business, and Non-life Insurance Business. The company offers digital touchpoints through its mobile applications - 'Jaii-Dee' for debt tracking and payment management, and 'JID' (formerly JFIN Wallet) for cryptocurrency wallet services. JMT has evolved into a 'Financial Recovery Partner' strategy, operating 41 debt mediation centers nationwide while maintaining digital capabilities through its apps. The company manages approximately 574,000 million Baht in non-performing debt (as of end of 2025) and targets cash collection of 9,000 million Baht for 2026.

Differentiator

Problem solved

Functional benefit

Brands

• Jaii-Dee: Customer application channel for checking debt balances, making payments, and accessing JMT services
• JID
• JFIN Coin
• J-Money
• Financial Recovery Partner
• Digital AMC

Products and services

• Debt Tracking and Collection Services Outsourced debt tracking and collection service provided to Thai banks, asset management companies, and consumer finance lenders for delinquent and non-performing accounts, supported by a 41-branch nationwide network and the JID field application.
• Non-Performing Debt Management (AMC) Non-performing loan (NPL) portfolio acquisition, valuation, and managed asset recovery services operated through J Asset Management Co., Ltd. and JK Asset Management (JV with Kasikorn Bank). Portfolios under management total approximately 574,000 million Baht.
• Insurance Broker Business Insurance brokerage services offered through wholly owned subsidiary Jaymart Insurance Broker Co., Ltd., distributing insurance products to customers across Thailand and generating commission-based revenue.
• Non-Life Insurance Underwriting Non-life insurance underwriting business operated through a 55% stake in Jay Mart Insurance Public Company Limited, providing motor, property, and other general insurance products.
• Jaii-Dee Digital Self-Service Platform Mobile and digital platform (Jaii-Dee app) with over 200,000 registered users, enabling Thai consumers to review account balances, schedule repayments, and engage in self-service debt resolution with JMT.

Quantifiable outcome

• Over 1 million customer accounts resolved, helping debtors return to the financial system
• +5 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Jas Green Village RamkhamhaengminorOthers · 13 May 2025JMT opened its flagship 'JMT by Jai' debt mediation center at Jas Green Village Ramkhamhaeng, representing the company's physical-digital hybrid service model under its Financial Recovery Partner strategy and Digital AMC transformation.
• Kasikorn Vision Company Limited (K-VISION)coreStrategic or Co-development Partner · 29 March 2022JK Asset Management Co., Ltd. joint venture established on March 29, 2022 between JMT's subsidiary J Asset Management Co., Ltd. (49% stake) and Kasikorn Vision Company Limited (51% stake). Initial investment of 2 million Baht, with subsequent capital increases totaling 4.9 billion Baht. The JV aims to be Thailand's number-one AMC (Asset Management Company) for enhanced NPL management efficiency.
• AIS (Advanced Info Service PCL)minorStrategic or Co-development Partner · 28 September 2018Jaymart and AIS formed an Exclusive Partnership announced on September 28, 2018, representing a strategic technology and distribution alliance within the Jaymart Group ecosystem that benefits JMT's digital services and customer reach.
• Phoenix Insurance (Thailand) PCL (renamed JP Insurance PCL / Jay Mart Insurance PCL)coreStrategic or Co-development Partner · 1 March 2018JMT acquired 55% stake in Phoenix Insurance (Thailand) PCL through a Share Purchase Agreement and Shareholder Agreement in 2018. The company was subsequently renamed JP Insurance PCL and then Jay Mart Insurance Public Company Limited. This subsidiary operates the non-life insurance business of the JMT Group.

Scale indicators13 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• EOS Group: German-listed international debt collection and receivables management group operating in over 20 countries. Comparable to JMT's mix of in-house portfolio acquisition (AMCs) and third-party collection mandates.
• PRA Group: US-listed global acquirer and servicer of nonperforming loans. Operates the same core loop as JMT—purchasing NPL portfolios from banks and recovering cash—across the Americas and Europe, with a comparable fee-on-recovery revenue model.
• Arrow Global: UK-headquartered NPL purchaser and servicer operating across Western Europe. Direct functional peer in acquiring charged-off debt portfolios and running active recovery operations, now operating under TPG ownership.
• Hoist Finance: Swedish specialist in non-performing unsecured consumer loans. Acquires and services NPL portfolios from banks across Europe, sharing JMT's focus on unsecured retail debt recovery at scale and its transaction-fee economics.
• Intrum: Europe's largest credit management company, combining purchased NPL portfolios with third-party debt collection services. Closely aligned with JMT's 'collection + portfolio management' dual model and its focus on consumer and SME defaulted debt.
• Credit Corp Group: Australian-listed debt buyer and collector purchasing defaulted consumer portfolios. Operates the same NPL purchase-to-recovery loop as JMT and serves as a regional (APAC) comparable peer.
• Encore Capital Group: US-listed specialty finance company that purchases and collects defaulted consumer receivables. Directly comparable to JMT in business model—buying charged-off debt portfolios at a discount and recovering cash through collections—making it the closest international analog.

Broad incumbents

• BTS Group Holdings: Thai diversified conglomerate that holds a 3.15% strategic stake in JMT and operates adjacent financial services. Compares as a Thai incumbent with overlapping financial services exposure and a known relationship to JMT's ownership structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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• Instagraminstagram.com/jmtnetwork

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JMT Network Services