SCB Partners with Thunes to Expand Outward Remittance Destinations via SCB EASY App Transfer Faster to 26 Countries in 17 Currencies, with Full Amount Received by the Recipient

• Special Offer! Enjoy Discounted Money Transfer Fees of Only 99 Baht/Transaction*

Siam Commercial Bank (SCB) is reaffirming its leadership in digital banking by partnering with Thunes, the Smart Superhighway to move money around the world. This collaboration aims to enhance international money transfer service via the SCB EASY app by expanding the number of currencies that can be transferred worldwide. The new destinations include Australia, Cambodia, Canada, China, Denmark, Finland, India, Indonesia, Japan, Malaysia, Philippines, South Korea, Sweden and Vietnam. Customers can now transfer money abroad in major currencies such as Australian dollars, Canadian dollars, Hong Kong dollars, Euro, Japanese yen, South Korean won, Chinese yuan, Swedish krona, Danish kroner, Indonesian rupiah, Indian rupee, Malaysian ringgit, Philippine peso, and Vietnamese dong. This service covers 26 destination countries/territories with a starting fee of 199 baht, ensuring the recipient receives the full amount. The service is convenient, fast, and in real-time, available 24/7. Enjoy a special promotion from October 1, 2024, to January 15, 2025, with discounted money transfer fees of only 99 baht/transaction.*

Mr. Thanawatn Kittisuwan, First Executive Vice President and head of the Digital Juristic & Payment Unit at Siam Commercial Bank, stated, “According to Statista Market Insights, the international money transfer market in 2024 grew by over 13% compared to 2023 and is expected to continue increasing. This reflects the behavior of consumers in the digital age who are increasingly turning to digital platforms for financial transactions. SCB is committed to leveraging modern technology to develop new financial solutions, enhancing our service potential and scope. Our collaboration with Thunes aims to expand our international money transfer service worldwide via the SCB EASY app. Customers will receive the full amount transferred without additional fees, and with convenient, fast, and real-time transactions available 24/7. We believe this collaboration will support the demand for international financial transactions and enhance the seamless financial experience for our customers, connecting financial services globally in a new era without borders.”

Mr. Simon Nelson, Chief Revenue Officer, Middle East & South Asia of Thunes added, “We are proud to strengthen our alliance with Siam Commercial Bank, a longstanding Member of the Thunes Direct Global Network. As the Smart Superhighway to move money around the world, Thunes is trusted by our Members to make payments to over 7 billion mobile wallets and bank accounts in over 130 countries and 80 currencies. We are delighted to collaborate with SCB, one of Thailand’s leading digital banks, to enhance the efficiency of international money transfers for their customers, meeting their financial transaction needs with unrivalled speed, control, visibility, protection, and cost efficiencies.”

To thank customers for their continued support of the international money transfer service via the SCB EASY app, SCB is offering a special promotion! From October 1, 2024, to January 15, 2025, the money transfer fee will be lowered from the regular starting fee of 199 baht to only 99 baht/transaction*.

SCB has been offering international money transfer service via the SCB EASY app since 2020. Today, the service covers 26 destination countries/territories and supports more than 17 currencies, including the United States, United Kingdom, France, Germany, Italy, Spain, the Netherlands, Ireland, Austria, Belgium, Portugal, Finland, Sweden, Denmark, Singapore, Australia, Canada, China, Hong Kong, Indonesia, India, Japan, South Korea, Malaysia, the Philippines, Cambodia, and Vietnam.

Interested customers can inquire about the international money transfer service via the SCB EASY app by contacting the SCB Call Center at 02-777-7777 or visiting the website for more details. https://www.scb.co.th/th/personal-banking/other-services/ripple/scb-easy-app.html

About SCB:

The Siam Commercial Bank PCL is the first Thai bank. The bank is one of Thailand’s leading universal banks, providing a full range of financial services through its nationwide branch network to clients in all segments, including wholesalers, SMEs, and retail banking services. SCB is committed to becoming Thailand’s “Most Admired Bank” with “Digital Bank with Human Touch” strategy and “the number one in universal digital bank in wealth management, offering seamless experiences across all channels to customers” mission by balancing value propositions for all stakeholders – customers, employees, shareholders, regulators, and society – and becoming a leader in shaping the future of Thailand’s banking industry.

 About Thunes:

Thunes is the Smart Superhighway to move money around the world. Thunes’ proprietary Direct Global Network allows Members to make payments in real-time in over 130 countries and more than 80 currencies. Thunes’ Network connects directly to over 7 billion mobile wallets and bank accounts worldwide, via more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay and many more. Thunes’ Direct Global Network differentiates itself through its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, ensuring Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally. Members of Thunes’ Direct Global Network include gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks. Headquartered in Singapore, Thunes has offices in 12 locations, including Barcelona, Beijing, Dubai, London, Manila, Nairobi, Paris, Riyadh, San Francisco, Sao Paulo and Shanghai. For more information, visit: https://www.thunes.com/