Case Study: Siam Commercial Bank achieves instant, low-cost cross-border remittances with Ripple

Ripple Helps Siam Commercial Bank Drive Innovation With Instant Cross-Border Remittances

Siam Commercial Bank, Thailand’s oldest bank and a leader in digital banking, wanted to accelerate innovation by offering real‑time, low‑cost cross‑border remittances to retail customers and visitors. To achieve faster, cheaper payments and expand its digital services, Siam Commercial Bank partnered with Ripple, using RippleNet and the SCB Easy app that runs on Ripple.

Ripple helped SCB integrate with a global network of 300+ partners via RippleNet to enable instant, end‑to‑end cross‑border payments; the service now processes person‑to‑person transfers in about 1 minute, handles roughly 60K monthly P2P transactions and settles about $400M monthly. Ripple’s solution improved customer experience, expanded SCB’s business reach, and is being extended to corporate customers and a QR code‑based payments app for visitors.

Siam Commercial Bank

Arthit Sriumporn

Svp Of Commercial Banking