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Thailand’s oldest bank launches mobile payment app with Ripple

Thailand’s oldest bank launches mobile payment app with Ripple

Thailand’s oldest bank, Siam Commercial Bank, has announced a mobile banking interface that facilitates cross-border transactions at a lower cost. Partnering with RippleNet the bank plans to expand its operations into Cambodia, Laos, Myanmar, and Vietnam, in 2020. It is also working on a QR payment system that would help tourists visiting Thailand.

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