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
Rhea-AI Summary
DigiAsia Corp. (NASDAQ: FAAS) and MOS Utility Limited (NSE: MOS) have announced an expanded strategic partnership focused on AI-powered branchless banking and financial inclusion across Indonesia and India. The collaboration targets a $30+ billion market opportunity.
The partnership includes three key initiatives: 1) Branchless banking expansion to onboard over one million merchants as financial service agents in Indonesia, 2) Development of AI-powered tools including agent performance scoring, cash management, and conversational assistants, and 3) Financial inclusion initiatives covering cash operations, consumer loans, and automated KYC.
The collaboration aims to enhance operational efficiency and expand financial services access in rural and semi-urban areas through AI-optimized agent networks.
Positive
- Partnership targets a substantial $30+ billion market opportunity
- Plans to onboard over 1 million merchants as financial service agents
- Implementation of advanced AI tools for operational optimization
- Expansion of financial services access to underserved markets
Negative
- None.
News Market Reaction 19 Alerts
On the day this news was published, FAAS gained 6.13%, reflecting a notable positive market reaction. Argus tracked a peak move of +21.4% during that session. Argus tracked a trough of -3.3% from its starting point during tracking. Our momentum scanner triggered 19 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $974K to the company's valuation, bringing the market cap to $17M at that time.
Data tracked by StockTitan Argus on the day of publication.
Collaboration to accelerate financial inclusion across Indonesia and India via AI-optimized agent networks and financial inclusion.
Jakarta, Indonesia & Mumbai, India--(Newsfile Corp. - September 8, 2025) - DigiAsia Corp. (NASDAQ: FAAS) ("DigiAsia" or the "Company"), a leading Indonesian fintech platform, and MOS Utility Limited (NSE: MOS) ("MOS"), a fintech innovator in India, today announced an expanded strategic partnership that extends beyond payments into branchless banking, AI-driven infrastructure, and financial inclusion solutions targeting a US
Key Highlights
Branchless Banking Expansion: MOS's technology will be integrated to scale DigiAsia's branchless banking across Indonesia, onboarding over one million merchants as financial service agents and expanding access to underserved communities.
AI-Powered Tools: DigiAsia and MOS will co-develop advanced AI capabilities, including:
- AI Agent Performance Scoring - predictive models for identifying high-potential agents.
- Cash Management AI - liquidity forecasting to reduce cash shortages at the agent level.
- AI Conversational Assistant - multilingual voice and chat interface to support agents in guiding customers through payments, savings, and micro-loan applications.
Financial Inclusion Initiatives: Cash collection, Cash disbursal, Consumer loan origination, Automated KYC providing banking access to the underserved market Strategic Impact.
Inclusive Access: Expands financial services to rural and semi-urban Indonesia by enabling micro-merchants to serve as branchless banking agents.
Operational Efficiency: AI-based tools improve agent performance, reduce service disruptions, and enhance customer experience in Indonesia and India.
Executive Commentary
Prashant Gokarn, Co-CEO of DigiAsia Corp. (NASDAQ: FAAS), said:
"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 and lay the foundation for digital trade and inclusive finance across Asia."
Mr. Chirag Shah, Chairman & Director of MOS Utility Limited (NSE: MOS), said:
"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. From agent-network AI to cross-border to support financial inclusion in emerging markets."
About DigiAsia Corp.
DigiAsia Bios is a pioneer in Indonesia's embedded finance, providing innovative fintech solutions to support digital ecosystems. Its embedded wallet and services help partners across industries deliver secure and accessible financial experiences.
About MOS Utility Limited
MOS Utility Limited (NSE: MOS) is an Indian fintech innovator providing digital payments, utilities, and financial services through a modular technology platform. MOS enables last-mile connectivity across both urban and rural India, driving financial access and digital transformation.
Forward-Looking Statements:
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding partnerships and expansion. Actual results may differ materially due to market risks, regulatory changes, and other factors disclosed in the Company's filings with the SEC. The Company undertakes no obligation to update forward-looking statements except as required by law.
Contact: Prashant Gokarn, CEO, prashant.gokarn@DigiAsia.asia
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265499
FAQ
What is the strategic partnership between DigiAsia (NASDAQ:FAAS) and MOS Utility?
How many merchants will DigiAsia (FAAS) onboard as financial service agents?
What AI capabilities will DigiAsia (FAAS) and MOS Utility develop?
How will the DigiAsia (FAAS) and MOS partnership impact financial inclusion?
What is the expected operational impact of the DigiAsia (FAAS) and MOS partnership?
