Siam Commercial Bank (SCB) brings cross-border payments powered by Ripple

Thailand based bank, Siam Commercial Bank (SCB) is planning to launch a cross-border payment facility to its business clients later this year.

Earlier this year, SCB had partnered with distributed ledger payments system Ripple to bring cross-border payments facility for migrant workers from Cambodia, Laos, Myanmar, Vietnam and other countries in Southeast Asia.

“We want to expand that experience to more markets, as well as to our small business and enterprise customers. Being part of RippleNet has helped us to completely enhance our customer experience, expand our business and keep SCB moving into the future,” said SCB’s SVP of Commercial Banking Arthit Sriumporn.