Siam Commercial Bank of Thailand and Ripple Corporation launch cross-border remittance service

Ripple issued a document saying that Thailand ’s Siam Commercial Bank (SCB) announced its global strategy for cross-border payments and launched a remittance service under the approval of the Central Bank of Thailand through the payment application SCB EASY developed in cooperation with Ripple, aimed at providing SCB 1600 Ten thousand customers provide fast cross-border payment services. SCB also plans to expand its cross-border payment business to 12 countries or regions including the United Kingdom, the United States, Singapore, France, Germany, Italy, Spain and the Netherlands. In addition, SCB is also working with Ripple to provide cross-border EMVCo QR payment services, which can provide customers with remittance services and micropayment services.