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Just the beginning for SCB and Ripple’s journey together

SourceBlog
#1
The world is getting digitized at a fast pace and eight of the top ten countries in Asia use mobile payments.
A recent survey by PwC says a staggering 86% of China’s population uses mobile payment appswhile in Thailand, it’s as high as 67%.

Hence, the launch of the SCB Easy app but “this is just the beginning for SCB and Ripple’s journey together.”
The bank is also working with Ripple to offer cross-border EMCVo QR payments, a popular method across Southeast Asia typically used within the local areas. This will allow SCB to offer micro-payment services to its customers as well. Sriumporn explained,
“IMAGINE YOU ARE A TOURIST COMING TO THAILAND, AND YOU CAN USE YOUR HOME COUNTRY MOBILE APPLICATION TO SCAN FOR PAYMENT AND ELIMINATE THE NEED TO EXCHANGE FOR LOCAL CURRENCY. YOU CAN USE YOUR MOBILE APP, SCAN THE QR PAYMENT AND RECEIVE GOODS RIGHT AWAY.”
In 2020, SCB is planning to expand into Laos, Myanmar, Cambodia, and Vietnam.
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