Thunes & SCB strengthen alliance to boost global remittances

By Gloria Mathias

Thunes has expanded its collaboration with Siam Commercial Bank (SCB), Thailand’s digital bank, a longstanding member of the Thunes’ Direct Global Network.

This alliance aims to enhance SCB’s international remittance services through the SCB EASY app, giving its customers access to instant, transparent and dependable transfers to 26 countries in 17 currencies.

Through Thunes’ Direct Global Network, SCB EASY app users can send money in real-time in local currencies to key destinations, including Australia, Canada, Cambodia, China, Denmark, Finland, India, Indonesia, Japan, Malaysia, the Philippines, South Korea, Sweden, and Vietnam. Thunes’ Direct Global Network’s extensive global reach ensures unrivalled speed, control, visibility, protection, and cost efficiencies for Members making payments across borders.

Simon Nelson, Thunes’ Chief Revenue Officer for the Middle East & South Asia, shared, “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 its Members to make payments to over 7 billion mobile wallets and bank accounts in over 130 countries and 80 currencies. Our global infrastructure, combined with our Fortress Compliance Platform and SmartX Treasury System, enables SCB customers with transparent, instant, and dependable international money transfers.”

Thanawatn Kittisuwan, Executive VP and Head of the Digital Juristic & Payment Unit at Siam Commercial Bank said, “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 behaviour 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,” added Kittisuwan.