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Thailand's SCB Neglects Ripple for Lightnet on Cross-Border Payments from South Korea to Thailand


Thailand’s SCB Neglects Ripple for Lightnet on Cross-Border Payments from South Korea to Thailand
Dec 14 2020 · 11:23 UTC by Ibukun Ogundare · 3 min read
Photo: Depositphotos
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According to SCB, the new cross-border payments services will satisfy the demand for better international fund transfers. 
Siam Commercial Bank (SCB) has neglected Ripple to join forces with fintech firm Lightnet on a new cross border payments from South Korea to Thailand. Before now, SCB partnered with Azimo to open a new payment corridor between Europe and Thailand, using RippleNet. Notably, SCB did not highlight its reasons for neglecting Ripple on the same cross-border payments services.  ....

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