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Siam Commercial Bank and XTransfer partner to enhance cross-border FX services for Thai traders via digital integration.
Siam Commercial Bank (SCB) and cross-border payment platform XTransfer have partnered through a memorandum of understanding signed at the 2025 Singapore FinTech Festival.
The collaboration aims to improve foreign exchange services for international traders in Thailand by offering faster, more transparent, and cost-effective solutions via API-driven digital integration.
The initiative focuses on real-time FX conversions and enhanced cash flow management, with plans to expand across ASEAN markets including Malaysia, Indonesia, Singapore, the Philippines, Cambodia, and Vietnam.
Both companies emphasized strengthened compliance, risk management, and digital infrastructure to support secure cross-border trade.
Siam Commercial Bank y XTransfer se asocian para mejorar los servicios transfronterizos de divisas para los comerciantes tailandeses a través de la integración digital.