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Siam Commercial Bank and Lightnet to collaborate on payments

FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
Siam Commercial Bank has announced a new partnership with the financial technology company Lightnet, which is powered by blockchain and is designed to help firms improve their international payment processes.
The main development will be that Siam Commercial Bank can now take global payments using a process developed by South Korean firm Sentbe.
A leading figure at Siam Commercial Bank said that the move had happened amid the context of a growing need for remittance services – in both directions. ....

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Fintech Firm Lightnet and Siam Commercial Bank to Support Cross-Border Payments from South Korea to Thailand

Fintech Firm Lightnet and Siam Commercial Bank to Support Cross-Border Payments from South Korea to Thailand
December 13, 2020 @ 6:55 pm By Omar Faridi
Siam Commercial Bank (BKK:SCB) has partnered with Lightnet to provide cross-border fund transfer services from South Korea to Thailand.
As a digital banking service provider, Siam Commercial Bank (SCB) is focused on continuously updating its Fintech capabilities. SCB will now be working with the Lightnet Group, a Fintech startup offering financial services that leverage blockchain or distributed ledger technology (DLT).
SCB will work with the Lightnet Group so that they can accept international payments from South Korea to Thailand via Sentbe, which is a major South Korean payment services firm and also one of Lightnet’s business partners. ....

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