Photo Release: KBank, IBS join hands to develop international settlement system based on NGSN

Stocks and Financial Services Press Releases Tuesday December 20, 2016 11:54
Bangkok--20 Dec--KASIKORN BANK

Recently, at KASIKORNBANK Head Office, Rat Burana, Mr. Banthoon Lamsam, KBank Chairman of the Board, and Mr. Luo Feng, International Business Settlement Chairman of the Board, signed a memorandum of understanding to develop the Sino-Thai settlement system in Thai Baht and Chinese Yuan, based on data security technologies of distributed computing and Blockchain. The move aims to reduce payment transaction time, expenses and operating costs.


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