Thunes has expanded its collaboration with Siam Commercial Bank (SCB), Thailand’s premier digital bank, a longstanding Member of the Thunes’ Direct Global Network.
This alliance aims to enhance SCB’s international remittance services via the SCB EASY app, giving its customers access to dependable transfers to 26 countries in 17 currencies.
Via Thunes’ Direct Global Network, SCB EASY app users can send money in real-time to key destinations including Australia, Canada, Cambodia, China, Denmark, Finland, India, Indonesia, Japan, Malaysia, Philippines, South Korea, Sweden, and Vietnam, in local currencies.
Thunes’ Direct Global Network reach ensures control, visibility, protection, and cost efficiencies for Members making payments across borders.
Simon Nelson, Thunes’ Chief Revenue Officer for the Middle East & South Asia said that
they are pleased to strengthen their alliance with Siam Commercial Bank, a longstanding Member of the Thunes Direct Global Network.
Simon added that as the Smart Superhighway to move money around the world, Thunes is said to be “trusted” by its Members to make payments to over 7 billion mobile wallets and bank accounts in over 130 countries and 80 currencies.
Simon also noted that their global infrastructure, along with with their Fortress Compliance Platform and SmartX Treasury System, enables SCB customers with dependable international money transfers.
Thanawatn Kittisuwan, First Executive Vice President and head of the Digital Juristic & Payment Unit at Siam Commercial Bank noted that according to Statista Market Insights, the international money transfer market in 2024 expanded by more than 13% compared to 2023 and is expected to continue increasing.
They also mentioned that this reflects the behavior of consumers in the digital age who are increasingly turning to digital platforms for financial transactions.
They added that SCB is committed to harnessing the latest tech in order develop financial solutions, enhancing our service potential and scope.
They explained that their collaboration with Thunes is focused on expanding their international money transfer service worldwide through the SCB EASY app.
As covered, 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 visibility, protection, and cost efficiencies when making real-time payments, globally.
Members of Thunes’ Direct Global Network are said to include gig economy platforms / service providers such as Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks.
Headquartered in Singapore, Thunes reportedly maintains business offices in 12 locations.