Thai-Myanmar remittances: First blockchain service launched

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Thai-Myanmar remittances: First blockchain service launched

First Blockchain money transfer service: Cross-border Thai-Myanmar remittances launched by Thai state-owned bank

  • This service launched by Krungthai Bank, Shew bank and Everex Holdings in Thailand
  • Joint service allows customers to transfer money more conveniently using smartphones
  • It will be reliable and have greater speed and competitive exchange rates
  • It enables Myanmar migrant workers to send money using Everex remittance platform
  • The platform creates a bridge for the financial inclusion of millions of people 
  • Everex conducting focus groups and a pilot study with both banks and Myanmar communities in Thailand