SCB and Ria Money Transfer join forces to offer Remittance Payout Services across Thailand

          In a confident step forward in the retail international money transfer business, Siam Commercial Bank (SCB) has recently partnered with Ria Money Transfer, a subsidiary of Euronet Worldwide and a leading company in cross-border money remittances, to provide cash payout remittance services in Thailand.
          The agreement allows customers in Thailand to receive money transfers sent from all over the world through Ria with greater convenience. Beneficiaries can collect cash quickly and securely at any of SCB's more than 1,000 branches nationwide without the need for a bank account. 
          Speaking of the new partnership, Siam Commercial Bank Payment Product Function Executive Vice President Mr. Srihanath Lamsam noted that, "Thailand is a major Asian nation and the recipient of a large amount of international money transfers, with SCB alone receiving more than 800,000 transactions last year. More than 70 percent of those transactions came from the USA, where Ria has a strong retail presence through agents and company owned stores in addition to their online channel. Combining the strength of Ria's global service points with SCB's extensive network of more than 1,000 branches nationwide, the collaboration will help to better serve customers seeking to receive money from abroad. Customers without an account with SCB can just drop by any branch to receive their money. This cooperative agreement is yet another example of SCB's commitment to raising the bar of its service quality to another level by working with strategic partners to meet customer requirements and deliver satisfactory financial experiences for our customers."           
          Mr. Espen Kristensen, Ria Money Transfer Managing Director Asia Pacific, said that, "Ria is a global remittance leader, with an extensive network of over 369,000 locations, constantly seeking to create meaningful partnerships to provide customers with more flexibility when sending and receiving money. We are delighted to establish this partnership with SCB to further improve Ria's world-class service in Thailand. As the first Thai bank, SCB has established itself as a major player in the sector. Its large customer base of over 16 million people, and its extensive network of more than one thousand branches covering every region, reflects the bank's recognition. At Ria, we are confident that this money transfer collaboration will serve as a further step in expanding access and providing a better service to customers in Thailand." 

          About Siam Commercial Bank 
          Siam Commercial Bank PCL is one of Thailand's leading universal banks. Established by Royal Charter in 1907 as the first Thai bank, SCB ranks second in market capitalization among Thai financial institutions as of the end of March 2018 (Baht 506 billion). Its network of branches and service points offers nationwide coverage, with over 1,000 outlets in the form of branches, investment centers, business centers, and service centers. In addition, the Bank has 72 foreign exchange kiosks and 9,564 ATM machines providing services that meet the demands of all customer groups, including corporate, SME, and retail customers. The Bank has total assets of Baht 3,055 billion. For more information, please visit www.scb.co.th. 

          About Ria Money Transfer 
          Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a global leader in the remittance industry. The company is steadfast in its commitment to their clients and their communities, offering fast, secure and affordable money transfers through a network of over 369,000 locations spanning across 150 countries and online at www.riamoneytransfer.com.
          For more information visit www.corporate.riafinancial.com.