Real-time remittance
Bank of Ayudhya Plc (Krungsri) has successful tested a pilot test for the real-time international remittance from Thailand to Singapore, using the cutting-edge technology Krungsri Blockchain Interledger.
The test was conducted in ocnjunction with MUFG Bank, Mitsubishi Corporation (MC), and Standard Chartered Bank (Standard Chartered) Singapore.
The innovation has helped MC further improve its liquidity management efficiency and reduce their cost management. The pilot test came under the BOT’s Regulatory Sandbox guidelines, Thakorn Piyapan, Krungsri Head of Krungsri Consumer Group and Head of Digital Banking and Innovation Division said.
