Siam Commercial Bank (BKK: SCB), which is Thailand’s first and oldest banking institution, and
Thunes, an established international payments firm, revealed on Tuesday (June 29, 2021) that they have teamed up to allow individual customers and businesses overseas to send money to Thailand.
The cross-border payments made to Thailand, through this partnership, should be a lot faster, cheaper and with greater transaction limits, the announcement noted.
Locals and expats currently residing in Thailand will have the option to get payouts in real-time into their banking accounts from across the globe. The current methods for handling cross-border transfers to Thailand tend to be quite slow, unreliable and also come with high transaction fees and relatively low transaction limits.
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Siam Commercial Bank (SCB), Thailand s first and oldest bank, and
Thunes, a global leader in cross-border payments, today announced a partnership to enable consumers and businesses overseas to send funds to Thailand faster, cheaper and with higher transaction limits. Locals and expats in Thailand will now be able to receive payouts in real time directly into their bank accounts from all over the world.
Existing methods of cross-border money transfer into Thailand are often slow, unreliable and burdened with high fees and low transaction limits. With the help of Siam Commercial Bank, Thunes global customers are able to send transactions to Thailand more quickly, securely and cost effectively, helping to satisfy fast rising demand for the seamless movement of funds across borders. Senders can now transfer money via Thunes global network to Siam Commercial Bank s 16.4 million customers and all other bank account holders in Thailand.
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