SCB And CP ALL Announce Key Digital Financial Partnership, Introducing

Siam Commercial Bank (SCB) PCL and Counter Service Co., Ltd., a CP ALL business, announce a key digital financial partnership. Together with Counter Service, SCB is introducing “SCB Service,” a banking agent service at over 11,100    7-Eleven Counter Service locations nationwide. The cooperation brings new financial services to customers. Particularly, this is the first banking agent service in Thailand offering digital cash deposits and withdrawals via QR codes. All via the SCB Easy application to make life easier for customers who need to make cash transactions outside regular banking hours.

Providing more convenient access to banking services around the clock. Expecting an average volume of 100,000 transactions a month from the services, SCB and CP ALL will continue to study and develop other financial services to offer in the near future. Potential financial services include those such as transferring funds to recipients without a bank account. Receiving money from international fund transfers, opening bank accounts, loan services matching customer needs, as well as joint rewards point redemption programs. These efforts under the SCB and CP ALL digital financial partnership aim to respond to customer requirements and introduce a new seamless experience to customers belonging to the digital generation.

  “Further, SCB and CP ALL will continue to explore new financial services to develop “total digital financial solutions.” With digital technology at the core, our financial service development will extend to such financial services as transferring funds to recipients without a bank account, receiving money from international fund transfers, opening bank accounts, loan services matching customer needs, as well as joint reward point redemption programs, and more.” Mr. Ruttanaporn added.

SCB Service in brief: SCB banking agents at 7-Eleven Counter Service

Types of account applicable for the services:

Only Siam Commercial Bank (SCB) savings and current deposit accounts

Transaction amount limits:

                             Deposit                             Withdrawal
Between 1 baht – 30,000 baht/transaction Between 100 baht – 5,000 baht/transaction
A maximum of 100,000 baht/day/account A maximum of 20,000 baht/day/person

 

Transaction fees:

  • 15 baht/transaction

Service locations and time:

  •  11,000 7-Eleven Counter Service locations nationwide
  • Available 24/7

 

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