Mula-X

Mula-X in the News! We're thrilled to share our latest thought leadership article featured in The Nation Thailand - Bridging the Divide with Fintech: How Sustainable Lending Solutions Can Boost Financial Inclusion in Rural and Urban Asia. In this insightful piece, we explore the transformative power of fintech in bridging the financial gap and fostering sustainable growth across diverse communities. Discover how innovative lending solutions are empowering individuals and businesses, ensuring that no one is left behind. Dive into the full article to learn more about the future of financial inclusion and how Mula-X is helping to move the needle on this topic. Check out the article in the first comment below! #MULA #FinancialInclusion #Fintech 

We had an incredible time at Thailand's leading HR Tech conference - PMAT this week at Paragon Hall, where our Co-founder, Yuthadej Putamanonda, delivered an insightful session on "Technology - Enabling HR Strategies in the Cashless Society." Key highlights from the session: Gen Z and Blue collar employees: These underserved segments are feeling less optimistic about the economy and financial situation. Organizations that understand this sentiment, will prioritize, and will adapt their approach to care for this segment of workers which in turn will create a significant competitive advantage in relation to people recruitment, engagement and retention for their organizations. Focus on Non-traditional Employee Benefits: Trends are to start exploring new ways to enhance work-life balance and flexibility, with financial planning and education as pivotal benefits. Benefits of Cashless Ecosystem:  There are lots of providers for payday loans and Earned Wage Access in Thailand market. However, in order to maximize benefits and cost savings to employee, providers should look for providers that enable end to end cashless transactions as this is the new way forward.  Before COVID, Thailand rank among top cash use society with 115 ATMs per one hundred thousand adults. Thailand ranks in the top 10 ATM per capita in the world.  This cash processing cost eventually comes back to the employee user. A cashless micro payment system allow current borrowing cost of transaction to be partially subsidised by seller good and services. Earned Wage Access:  We also had the opportunity to share more about one of our core products, Salary Xpress, a Salary on Demand product (also known as Earned Wage Access) delivered digitally. Salary Xpress, a liquidity facility for employees was designed to address the 3Cs (Compliance, Cost and Complexity) for employers whilst for employees, it is designed as a facility to enhance liquidity management by seamlessly integrating essential bill payments and micro spending onto one platform, via a digital wallet. Finally, we were thrilled to engage with so many of you at our booth and appreciate the dynamic discussions on how technology can revolutionise HR strategies in a cashless society. Thank you to everyone who joined us and made this event a success! See you at the next one! #MULA #HRTech #CashlessSociety #EmployeeBenefits #SalaryXpress #PMAT #EarnedWageAccess

Come join us at Thailand's leading HR Tech conference at our booth (E63) Paragon Hall, 5th Floor, today and tomorrow (July 2-3) and meet our Co-founder Yuthadej Putamanonda before he speaks on "Technology - Enabling HR Strategies in the Cashless Society," on July 3 @ 15:00 pm. Send us a message info@mula-x.com or call us at 0909796007 to fix an appointment, or just pop by to have a one on one session with our Co-founder and Speaker and discover cutting-edge financial solutions tailored for today’s digital economy. See ya! #ThailandHRTech2024 #PMAT #HRTech #CashlessSociety #EmployeeBenefits #Financialinclusion #MULA

Financial literacy can significantly improve financial situations. In Thailand, enhanced financial literacy is linked to better financial decision-making and increased savings, according to the Asian Development Bank. Our core value of Learning drives us to help people achieve financial freedom through continuous lifelong education. Our MULA Learning Portal is a key initiative, offering gamified e-learning modules on money management, debt handling, and future planning, along with daily tips, blogs, and over 350 e-books. We don’t just enable learning through our own services - we’re also proactive in finding opportunities with businesses that align with our values and share our goals. In the past year, we’ve announced exciting collaborations with leaders like Bookcaze. We have also conducted several Train the Trainer programmes with our employer partners and have offered our training to schools and stakeholders that are interested in further financial literacy in the workplace or schools. These partnerships have expanded our learning horizon, allowing us to offer a more diverse and comprehensive financial education. If your organisation or company is interested in collaborating with us, please contact us via info@mula-x.com. Join us in empowering communities to achieve financial freedom! #FinancialLiteracy #FinancialInclusion #Empowerment #MULA #Learning #FinancialEducation

Did you know that same-sex couples in Thailand can't make each other their beneficiaries on their life insurance policies? In markets where same-sex marriage isn't yet legally recognised (although it looks like this may soon change in Thailand), LGBTQ+ individuals face significant hurdles in financial matters. This means they can't put each other forward as beneficiaries or face challenges being co-borrowers, hindering their financial security and future planning. We believe in financial inclusion for all, and although cohabiting heterosexual couples also face similar challenges, as Pride month continues, it's crucial to shed light on the challenges faced by the LGBTQ+ community in accessing financial services, especially in regions where equal rights are still progressing. We're committed to breaking down these barriers. It's a matter of financial fairness and equality for all types of relationships. Everyone deserves equal access to financial services regardless of their sexual orientation or relationship status. #Pride #FinancialInclusion #Equality #LGBTQ+ #MULA

As the trend of impact investing gains momentum, we're witnessing a powerful shift in the financial landscape - where investors seek returns and drive positive social change. According to recent data, the global impact investing market was valued at approximately $3 trillion in 2023 and is projected to grow to $7.78 trillion by 2033, with a compound annual growth rate (CAGR) of 10%. Impact investing goes beyond traditional finance by integrating environmental, social, and governance (ESG) factors into investment decisions. This approach aligns perfectly with Mula-X's mission of fostering fair finance for underserved communities. By prioritising investments that yield both financial returns and societal benefits, we can collectively: ✅ Support Sustainable Development: Channel funds into projects that address pressing global challenges, from climate change to poverty alleviation. ✅ Empower Communities: Provide capital to initiatives that uplift marginalised and underserved populations, creating pathways to economic independence and resilience. ✅ Promote Ethical Business Practices: Encourage companies to adopt sustainable and socially responsible practices, leading to a more inclusive and equitable economy. At Mula-X, we're committed to pioneering this change. We envision a world where finance is a force for good, bridging gaps and building futures. To date, regrettably, we have not witnessed many impact investments in the markets that we are operating in. How can we encourage more investments in socially responsible projects? Share your stories and experiences with impact investing in the comments below! #MULA #ImpactInvesting #EthicalFinance #SocialChange

Earlier this year, Thailand's Finance Ministry set the stage for the acceptance of virtual bank applications within the next six months, aimed at supporting individuals with limited access to financial services. This progressive initiative comes at a crucial juncture as we confront the stark reality highlighted by Macquarie's 2022 data: a staggering 63% of Thailand's adult population remains unbanked or underbanked. The urgency of this situation calls for immediate action. At Mula-X, we're energised by this bold step as we continue our mission to empower underserved individuals across Thailand through innovative digital financial services solutions which leverage our digital platform, our salary on demand and wallet products. Our efforts are dedicated to leveraging cutting-edge technologies to bridge the gap in financial inclusion, providing blue, pink and grey-collar workers and migrant communities with seamless access to essential financial services. As we embrace the future of digital banking in Thailand, we look forward to being a part of the digital economy that will inevitably result from such a bold move. We are excited to be part of the collective power of innovation to build a more inclusive and equitable financial ecosystem for all. #DigitalBanking #FinancialInclusion #MULA #Thailand

Over the past few weeks, we have shared content from our action-packed days at Money20/20, showcasing our commitment to revolutionising financial access and inclusion in Southeast Asia. Just in case you missed anything, here's a recap of our key moments: 1️. Empowering Migrant Workers: We announced an exciting partnership with Prepay Nation, a global B2B marketplace, to transform financial access for employed migrant workers in Thailand. With real-time, zero-cost cross-border mobile top-ups and recharges, we're bridging the gap for 4 million and growing numbers of migrant workers in Thailand, enabling them to stay connected with their loved ones like never before! 2️. Panel Discussion: Our founder, Lyn Kok, led a dynamic panel discussion on "Bridging the Divide With Fintech: Sustainable Lending Solutions for Financial Inclusion in Rural and Urban Asia." Insights from Dr.Jasmin B Gupta and Patrick Lynch, and Lyn highlighted the need for targeted approaches, fintech collaboration with big FIs, and robust government digital infrastructure to accelerate financial inclusion. 3️. BNPL Industry Insights: Lyn facilitated a candid exchange with Katrina Konstas of Afterpay on the future of the BNPL industry. While applauding Australia's regulatory enhancements, we noted the importance of financial literacy programs and similar regulations to be adopted in developing markets, to protect and empower individuals, especially in developing markets. 4. Luxembourg House of Finance Technology Workshop: A huge thank you to Paolo Montessori and Annabelle Albert-Fonteneau of The LHoFT - Luxembourg House of Financial Technology for inviting us to share with the Catapult: Financial Inclusion Southeast Asia cohort, our Founder’s and Mula-X journey during a workshop session. 5. Startup Recognition: In addition to hosting a booth and pitching at the Startups Hangout, Mula-X was featured as a top startup at Money20/20 Asia, showcasing our commitment to financial inclusion and empowering blue, pink, grey-collar and underserved workers. We are honoured to be recognised among some of the most innovative and impactful startups in the Asia Pacific region. We're grateful for the enriching discussions, connections made, accolades and insights gained, and we can’t wait to do it all again next year! #Money2020 #Fintech #FinancialInclusion #MULA

We are thrilled to have been featured as one of the top startups at Money20/20 Asia this year. It's such an honour to stand alongside innovative impactful start ups from across the Asia Pacific region, showcasing our commitment to financial inclusion and empowering blue, pink and grey collar workers. Mula-X, founded with a vision to connect underserved individuals to essential financial services through their employers, has been making strides in providing accessible savings, emergency cash, cross border transfers and learning opportunities. Our ecosystem of employees are exponentially growing every day, and we are just getting started on our journey to create a brighter financial future for all. Thank you to Money20/20 for the recognition and to our incredible team and supporters for making this achievement possible. Let's continue to drive positive change and foster financial empowerment for those underserved together! Check out the related article in the first comment. Bitazza heymax.ai | Gives You a Free Trip, Every Year. PaySquad Fairbanc Cepat Kredit Financing Inc Pluang #MULA #FinancialInclusion #Money2020Asia #Fintech

Happy Labor Day from Mula-X! Today, we celebrate the hard work, dedication, and contributions of every worker in Thailand. As we honour the labour force, we're reminded of our mission at Mula-X: to empower individuals through financial inclusion and innovative solutions. Labor Day in Thailand is not just about recognising the workforce—it's about ensuring every worker has access to financial tools and resources that enable them to thrive. At Mula-X, we're committed to creating a future where financial empowerment knows no bounds. Whether through our digital lending platform, earned wage access solutions, or cashless initiatives, we're dedicated to supporting the financial wellbeing of workers nationwide. Because when individuals have the tools they need to succeed, everyone benefits. As we celebrate Labor Day, let's continue working towards a brighter, more inclusive future for all. #LaborDay #FinancialInclusion #Empowerment #MULA