Photo Release: KBank rolls out real-time cross-border inward remittance service to accounts of every bank

Stocks and Financial Services Press Releases Thursday April 18, 2019 10:25
Bangkok--18 Apr--KASIKORNBANK

Mr. Silawat Santivisat, KBank Senior Executive Vice President, said KBank is ready to kick off the inward remittance service from around the world via KBank to transfer funds to recipients' accounts held at over 21 banks using PromptPay on a real-time basis for the first time. By comparison, the conventional process normally takes more than one day. With the use of the world-class platform based on API technology, the service enables remittance up to THB49,999 per transaction but not more than Bt10 million per day. The inward funds transfer service starts now to accept remittance from Singapore and is set to expand worldwide next year to support the international financial transactions in the digital era.


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