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Azimo and SCB Runs on Ripple for Instant Payments Into Thailand

April 9, 2020

Digital money transfer service Azimo, in partnership with Siam Commercial bank (SCB), one of Thailand’s leading universal banks, is launching instant cross-border payments from Europe to Thailand. This new connection was made possible through RippleNet, Ripple’s global payments network.

Connections like this help solve the challenges of expensive and unreliable global payments. Before, remittances from Europe into Thailand averaged more than one business day to settle. Now, through the RippleNet connection with SCB, Azimo can clear Pounds and Euros into Thai Baht in less than a minute.

Source: ripple.com