Saturday, 13 August 2022

Best Trade Finance and Payments Bank in Thailand - Bangkok Bank

5 min read

By The Asian Banker

With one of the strongest regional networks in Thailand and Asia, the bank bolstered its regional capabilities through acquisition of an Indonesia-based financial institution. Partnership with leading IT vendors helped the bank digitalise L/C transactions and procurement end-to-end processes as well as cut down processing time from couple of days to few hours. It also demonstrated successful mandates across electronics, automotive and petrochemical sector. 

On the payments front, it continues to maintain a market leading position with a share of approximately 35% of Thailand’s remittances. Amid the ASEAN payment connectivity powered by linkage of domestic real-time payment systems, the bank has built micro services such as QR merchant and consumer payments. It is the first bank to be appointed as a settlement bank to provide a cross-border QR payment service between Thailand and Vietnam and between Thailand and Indonesia. 

For leveraging its network strength in the region to deliver unparalleled trade finance and payment services in Thailand, awards for Best Trade Finance and Payments Bank in Thailand goes to Bangkok Bank.



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