SCB offers remittance service to Myanmar
Siam Commercial Bank signs the memorandum of understanding with Myanmar's No.1 bank, Kanbawza Bank, to provide remittance to Myanmar ahead of the regional integration of Asean.
Under the MoU signed by Manop Sangiambut, executive vice president & head of international banking business, Wholesale Banking Group, Siam Commercial Bank, and KZW's managing director Nyo Myint, both also aim to provide more extensive business cooperation in response to AEC.
KBZ is Myanmar’s largest private bank with most extensive network of branches and ATMs.
SCB was earlier received the permission to open a representative office in Myanmar, where Bangkok Bank has made presence felt for two decades.
Earlier, Kasikornbank also offered similar remittance service, aiming to serve migrant workers in Thailand which are numbered over 1 million.
