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Krungsri launches real-time money transfer between Thailand and Laos
CorporateOct 15. 2020
By The Nation
Krungsri (Bank of Ayudhya) has joined with Lao Development Bank to launch Krungsri-LDB Global Transfer, a service for real-time money transfers between Thailand and Laos.
Offered through Krungri Biz Online (KBOL), the service is designed to enable individuals and small businesses to better respond to business and customer needs, conveniently and safely.
Krungsri-LDB Global Transfer connects the Application Programming Interface (API) of the two banks for the first time, to offer seamless and easy international remittance transactions.
The service will support money transfer to recipients’ accounts based on the currency being transferred, without using exchange rates. Baht and US dollars will be supported in the first phase, followed by other currencies in the future.
Customers can use the service free of charge until the end of 2020.