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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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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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