KCN: THAILAND: INSTANT PAYMENTS WITH RIPPLE

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THAILAND: INSTANT PAYMENTS WITH RIPPLE

Thailand’s oldest bank Siam Commercial Bank (SCB) has partnered with Ripple, to help bring the company into the digital age and create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments. “It is so difficult to send and receive money today. People must physically go to a bank branch, fill out long and complicated forms and wait for payments to be received—with no transparency. With our service, their loved ones from abroad can transfer payment and receive money immediately,” said SCB’s SVP of Commercial Banking, Arthit Sriumporn. This was reported by Ripple on his site. Stay with us. The news release partner STEX.com.

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