Company's Background

Forth Smart Service Public Company Limited was founded on December 3, 2008 and transformed into a public company since December 3, 2012, with its registered capital of 400 million baht. The company was officially listed on the Market for Alternative Investment (MAI) on October 14, 2014, which has been represented by the symbol “FSMART”.

Forth Smart Service Public Company Limited (FSMART) operates main business as a service provider for prepaid mobile top-ups, online payments, electronic money transferring, e-Money and financial services via kiosks under the trademark of  Adobe Systems  or “Boonterm”, considered an affiliate of Forth Corporation Public Company Limited (FORTH). 

All Boonterm Kiosks are implemented with online systems connected directly to the servers of service providers. FSMART can manage several business transactions efficiently. For instance, it can facilitate real-time verification of transaction details, review history of transactions, add or modify quickly formats of online services available on the Boonterm Kiosk, and more.

FSMART manages Boonterm kiosks through master agent networks with more than 170 agents nationwide and co-manages with business partners in various projects. Revenue from customers and operators is shared between FSMART and the master agents and business partners. Currently, FSMART’s business has divided into 3 segments as follow:

1. Online Top-Up & Payment Business, providing prepaid mobile top-up services, e-Money, bill payment service and other payment services including personal accident and health insurance sales service, purchase of online songs, water and electrical bill payment, fine, top-up service for public transport tickets, etc. via Boonterm online top-up kiosks.

2. Banking Agent & Lending Business, being Banking Agent providing full banking services as a banking agent such as deposit and transfer services, digital identification and verification service via Electronic Know Your Customer (e-KYC), and also operating lending business for business partners.

3. Distribution Platform Business, providing the installation of various automatic vending machines such as beverage vending machines with prepaid mobile top-up or payment services, vending machines and automated café and Electronic Vehicle (EV) chargers; plus, operating distribution business for mom-and-pop shops.

FSMART has been able to continuously and strongly expand the “Boonterm kiosk” to cover all over the country and has 129,934 kiosks and 38,632 million Baht in total amount usage with 20 million active customers, as of the end of 2020. The Company still emphasizes on generating a return to shareholder and building a sustainable business through a strategy of maintaining current customers, increasing new customers and services that are benefit to every customer segment, as well as returning to society and environment to maintain the business growth onward.