Faster, Cheaper Payments that Run on Ripple
Siam Commercial Bank (SCB) has led a digital banking transformation in Thailand that has resulted in the country ranking first for global mobile banking users. The bank is now partnering with Ripple for its latest innovation: providing real-time cross-border remittances. After joining RippleNet, SCB has plugged into a global network of more than 300 connected banking partners around the world. The bank launched the SCB Easy app, which runs on Ripple and allows customers to make instant, low cost payments to family and friends outside Thailand.
“Our customers can send money to family and friends abroad in real-time from their phones. Being part of RippleNet has helped us to completely enhance our customer experience, expand our business and keep SCB moving into the future.”
Arthit Sriumporn, SVP of Commercial Banking at Siam Commercial Bank
About Siam Commercial BankThailand’s oldest bank serves a wide range of customers, including individuals, small-and-medium businesses and large enterprises.
To be the most admired bank, creating innovative customer experiences and being a digital banking leader in Thailand and Southeast Asia.
RippleNet helps SCB integrate with partners around the world, allowing the bank to provide customers with instant, low cost cross-border payments using its SCB Easy app, which runs on Ripple. The bank is expanding this service to business customers, while also targeting visitors to Thailand with a new QR code-based payments app.