Mitihoon – Kasikornbank (KBank) announced that it has become Thailand’s first gateway in the Swift payments scheme designed to help participating financial institutions deliver a more seamless, transparent, and predictable cross-border payment experience. Through the initiative, customers can benefit from greater visibility of fees and foreign exchange rates, improved end-to-end payment tracking, full-value payment delivery, and faster, more predictable payment outcomes. The milestone reinforces the bank’s commitment to helping shape the future of cross-border payments and strengthening Thailand’s connectivity to the global financial ecosystem.
As Thailand’s first gateway on the scheme, KBank provides international financial institutions with a trusted and efficient access point for sending funds into Thailand. This strengthens Thailand’s connectivity with global payment networks while supporting a better cross-border payment experience for individuals and businesses. KBank’s participation reflects the bank’s long-term commitment to leveraging innovation and international collaboration to create meaningful value for customers. As global commerce, international trade, digital services, education, and travel continue to expand, customers increasingly expect international payments to offer the same simplicity, transparency, and predictability as domestic transactions.
Dr. Ketchayong Skowratananont, Executive Vice President at KBank, said that at KBank, we believe international payments should be as simple, transparent, and reliable as domestic transactions. As customer expectations continue to evolve, we remain committed to developing solutions that deliver tangible benefits for both individuals and businesses.Our participation in the Swift payments scheme reflects our commitment to delivering a better cross-border payment experience for our customers. Whether supporting individuals receiving funds from overseas or businesses engaged in international trade, customers increasingly expect payments to be fast, transparent, predictable, and fully traceable throughout the entire payment journey.
As Thailand’s first gateway in the Swift payments scheme, we are helping customers benefit from greater transparency, enhanced payment visibility, full-value payment delivery, and more predictable cross-border payment experiences. This represents another important step in strengthening Thailand’s connectivity to the global financial ecosystem and advancing the future of international payments.
Mr. Kevin Wong, Chief Executive, Asia Pacific at Swift, said that we’re pleased to welcome KBank as Thailand’s first gateway in the Swift payments scheme. Customers around the world increasingly expect cross-border payments to provide the same level of transparency, predictability, visibility, and convenience that they experience with domestic payments. Achieving this vision requires close collaboration across the global financial community.
KBank’s leadership demonstrates a shared commitment to improving cross-border payment experiences and expanding global connectivity. Together, we are helping create a more transparent, efficient, and customer-focused ecosystem for international payments.
Dr. Ketchayong added that the initiative is expected to further strengthen Thailand’s position within the global payments ecosystem by providing international financial institutions with a more efficient pathway for sending funds into the country. KBank believes the enhanced payment experience will support international trade, investment, education, tourism, and the growing needs of individuals and businesses engaged in cross-border activities.
As one of Thailand’s leading financial institutions, KBank continues to invest in innovation, digital transformation, and strategic global partnerships to improve customer experiences and expand access to international financial services. The bank remains committed to developing solutions that help customers participate more confidently in an increasingly connected global economy. KBank’s participation in the Swift payments scheme represents a significant milestone in the evolution of cross-border payments in Thailand. As Thailand’s first gateway in the initiative, KBank is reinforcing Thailand’s role in the global financial ecosystem.
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