Kasikornbank Becomes Thailand's First Swift Payments Scheme Gateway
Kasikornbank has become Thailand's first gateway in the Swift Payments Scheme, enabling faster, more transparent cross-border transfers with full
Kasikornbank announces its success as Thailand's first bank to serve as a gateway in the Swift Payments Scheme, connecting global financial institutions to Thailand and supporting transparent, traceable cross-border payments with full amount delivery and more predictable outcomes.
Kesorn Skawratananont, Senior Executive Vice President of Kasikornbank, revealed the bank's achievement as the country's first gateway in the Swift Payments Scheme, aimed at helping participating financial institutions provide seamless, transparent, and more predictable cross-border payment services.
Customers will benefit from greater transparency on fees and foreign exchange rates, end-to-end payment tracking, receipt of full transferred amounts, and faster, more predictable payment outcomes. This underscores the bank's commitment to shaping the future of cross-border payments and strengthening Thailand's connection to the global financial ecosystem.
As Thailand's first gateway in this scheme, Kasikornbank serves as a reliable and efficient channel for international financial institutions to send money to Thailand, enhancing the country's link to global payment networks while elevating cross-border payment experiences for both individuals and businesses. Participation reflects the bank's long-term commitment to applying technology and innovation, promoting international cooperation to create tangible value for customers.
As global trade, international commerce, digital services, education, and travel continue to expand, customers expect international payments to be as convenient, transparent, and predictable as domestic transactions. "Kasikornbank prioritizes developing international payments that are convenient, transparent, and reliable, no different from domestic transactions. As customer expectations continuously evolve, the bank continues to develop solutions that create tangible benefits for both individual and business customers," Kesorn said, adding that joining the Swift Payments Scheme reflects the bank's commitment to enhancing cross-border payment experiences for customers, whether individuals receiving overseas transfers or businesses conducting international trade. Customers expect payments to be fast, transparent, predictable, and trackable throughout the process.
Kasikornbank, as Thailand's first gateway in the Swift Payments Scheme, is confident this collaboration will help customers benefit from increased transparency, clear payment tracking, receipt of full transferred amounts, and more predictable cross-border payment experiences.
"This marks another important step in strengthening Thailand's connection to the global financial ecosystem and jointly driving the future of international payments," Kesorn said.
Meanwhile, Kevin Huong, Swift's Asia Pacific CEO, expressed delight at Kasikornbank becoming Thailand's first gateway in the Swift Payments Scheme, noting that global customers increasingly expect cross-border payments to be more transparent and predictable.
